UK Ready to Utilize Frozen Russia's Holdings to Support Ukraine's Military Campaign

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The British government is ready to advance with employing the full worth of immobilized Russian assets to support the Ukrainian military campaign, Prime Minister Sir Keir Starmer has stated.

In a shared declaration, the leaders of the United Kingdom, the French Republic, and Germany asserted that this unified step would increase strain on Russia's leader Vladimir Putin and persuade Russia to engage in negotiations.

They further noted that the move would be executed in tight collaboration with the US.

United Kingdom penalties have frozen more than £25bn of Russian resources since Russia launched its widespread offensive against Ukraine in 2022. However, until now, money sent to the Ukrainian government using Russian holdings had exclusively been sourced from earnings and returns accrued on them.

Sir Keir informed Ukrainian President Volodymyr Zelensky that the United Kingdom, France, and the Federal Republic of Germany were in agreement in their desire to drive progress toward employing the complete amount of the immobilized Moscow's national assets to end the war.

He noted that additional measures in the coming days and weeks would apply more pressure on the Russian government.

This announcement is subsequent to European representatives met in the Danish capital recently to consider employing frozen Russia's holdings for a €140bn financial aid to the Ukrainian nation.

Recently, US President Donald Trump urged G7 allies to seize or utilize immobilized Russian funds, according to reports.

The total of frozen Russia's holdings in the EU is assessed to be approximately €211bn.

President Zelensky urges the United Kingdom's Sir Keir Starmer to take part in the PURL programme

Moscow launched large-scale missile and drone strikes all over the Ukrainian territory on that day, leading to blackouts in significant regions of Kyiv, the city, and multiple additional areas.

Two people were fatally injured and at least 20 people were injured in the strike, authorities in Ukraine stated.

In a update on X subsequent to the incident, Zelensky stated that the strategic strike focused on public and utility structures.

"What is required is not mere statements but firm measures - from the United States, Europe, and the Group of Seven - in providing anti-aircraft weapons and implementing sanctions," he emphasized.

"Every sanction decision weakens the Russian war effort," Zelensky declared, in a separate post.

In the same period, Zelensky told media outlets he would encourage Sir Keir to participate in the Purl programme, under which Nato countries buy military equipment from the US to donate to Ukraine.

While praising the United Kingdom's strong support for the Ukrainian government, he said it should demonstrate clearly that it would participate in the system, as well as apply further restrictions on the Russian Federation.

Significant Attacks Cut Power in Kyiv and Throughout the Nation

  • Conflict in Ukraine
  • French Republic
  • Germany
  • Russian Federation
  • Ukrainian Nation
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