US EditionStarmer Opens Talks to Join EU Ukraine Loan Scheme
The talks could let British firms compete for contracts as the EU loan is set to cover two-thirds of Ukraine’s needs 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.
76 Articles
76 Articles
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.
UK opens EU negotiations to team up on 90 billion euro Ukraine loan
Keir Starmer and Ursula von der Leyen met bilaterally during the European Political Community summit in Armenia, where the two agreed that U.K. participation "would be a major step forward in the EU-U.K. defense industrial relationship."
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