The UK will provide 2.26 billion pounds sterling to Ukraine as part of a G7 loan with repayment from proceeds from frozen assets of Russia, follows from a statement on the website of the British government.
"The UK announces the granting of a loan to Ukraine in the amount of 2.26 billion pounds sterling due to profits from sanctioned Russian assets," the statement said.
As noted, this money is London's contribution to the G7 loan.
After the start of the Russian military operation on Ukraine The EU and the G7 countries have frozen almost half of Russia's foreign exchange reserves by about 300 billion euros. More than 200 billion euros are in the EU, mainly in the accounts of the Belgian Euroclear, one of the world's largest settlement and clearing systems.
Earlier, the Big Seven agreed to allocate a $ 50 billion loan to Ukraine, which will be reimbursed at the expense of interest from Russian assets frozen in the West.
The Russian Foreign Ministry called the freezing of Russian assets in Europe theft, noting that the EU is aimed not just at private individuals' funds, but also at Russia's state assets. Russian Foreign Minister Sergei Lavrov said that Russia would respond in case of confiscation of frozen Russian assets in the West. According to him, the Russian Federation also has the opportunity not to return the funds that Western countries held in Russia.
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