Starmer Opens Talks to Join EU Ukraine Loan Scheme
The scheme could open procurement to British defence firms and deepen post-Brexit security ties as Ukraine seeks funding for the next two years.
- On Sunday, British Prime Minister Keir Starmer announced Britain is set to enter negotiations to join the European Union's €90 billion loan scheme for Ukraine, signaling a reset in relations with Brussels.
- The European Union approved the financial package last month after Hungary lifted its veto, with funding set to cover two-thirds of Ukraine's needs for the next two years.
- Meeting Ukrainian President Volodymyr Zelensky in Yerevan, Armenia, on Sunday, the Prime Minister called for the UK and European Union to "go further and faster on defence," with opportunities for British industry.
- Downing Street confirmed the UK will announce "stinging sanctions" on Russian companies later this week to disrupt military supply chains as the European Political Community summit convenes.
- Officials will negotiate the parameters of access to the loan in the coming weeks, a move central to the Prime Minister's strategy to strengthen European security ties.
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80 Articles
After the European Union (EU) approved a 90 billion euro loan to Ukraine, Finance Minister Kristupas Vaitiekūnas says the Community must continue to tighten sanctions on Russia and return to considering using frozen Russian funds for a reparations loan.
In Yerevan, Starmer brings the UK in its 90 billion Kiev loan. Zelensky's diplomatic push: "Next decisive summer for Russia"
The UK wants to negotiate with the EU to enable its defence industry to participate in arms contracts in Ukraine financed by a EUR 90 billion European loan, in return for a financial contribution still to be defined.
The United Kingdom will begin negotiations with the European Union to participate in a 90 billion euro loan for Ukraine, British Prime Minister Keir Starmer announced on Monday at the European Political Union summit in Armenia.
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