UK agrees deal to join EU Ukraine Support Loan scheme
British firms will be able to bid for contracts under the EU loan, which is meant to cover Kyiv’s defence and budget needs in 2026 and 2027.
- Prime Minister Sir Keir Starmer announced on Monday that Britain will join the European Union's €90 billion loan for Ukraine, designed to cover the country's financial and military needs for 2026 and 2027.
- Starmer opened talks to join the loan at the European Political Community summit in Yerevan, Armenia, in May, then confirmed the decision during Monday's meeting with the "coalition of the willing" in Paris.
- British defence companies including BAE Systems, QinetiQ, and Babcock International can now bid for contracts funded by the loan. Allies seek "pragmatic" derogations to "Made in Europe" procurement rules to ensure Kyiv receives necessary equipment.
- London will cover an estimated €3 billion in annual interest rates, with Downing Street stating Britain's contribution will be "proportionate to the value of contracts secured by British industry." Repayment depends on Russian war reparations Moscow has ruled out.
- Alongside the loan, Britain joined European allies in sanctioning Russia-linked "cybercriminals" and attributed a 2025 attack on Poland's energy infrastructure to hackers from Russia's FSB Centre. Sir Keir emphasized these measures strengthen European security against Russian aggression.
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Starmer Signs UK into EU Defense Loan for Ukraine
Outgoing UK Prime Minister Keir Starmer signed an EU defense loan scheme to aid Ukraine, finalizing it in Paris. The €90 billion loan gives British firms access to projects helping Ukraine, marking Starmer's dedication to improving UK-EU ties before his departure. His support for Ukraine has been a priority.
Under an agreement announced on Monday 13 July, British defence companies will be able to benefit from orders for military equipment financed from funds raised by the Twenty-Seven for the benefit of Kiev.
British defense companies will get access to contracts worth €90 billion to support Ukraine — Starmer British Prime Minister Keir Starmer announces deal that opens British defense companies access to contracts within European support program for Ukraine worth 90 billion euros. The program provides 60 billion euros for Ukraine's defense needs in 2026-2027 for years.
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