UK Announces 'Biggest Ever' Ukraine Support Package of $13 Billion in 2027
The package includes economic aid, export financing and winter air-defense funding as Kyiv faces a 70 billion euro shortfall, officials said.
- On Wednesday, Chancellor of the Exchequer John Healey announced £10 billion in economic and military support for Ukraine, marking the largest financial package the UK has ever committed to the country.
- Facing a dire financial outlook for 2027 with an expected £58 billion shortfall, Ukraine requires sustained international aid. Prime Minister Andy Burnham stated this package ensures Ukraine has the means to continue its fight against Russia's illegal invasion.
- The £10 billion package comprises £7 billion in economic support over three years and £3 billion in export finance. A spokesperson added £500 million of military funding would "plug urgent gaps in Ukraine's air defences."
- President Volodymyr Zelensky hailed the announcement as a "timely step" after discussions with Burnham, telling officials "you've made my day." The Ukrainian leader emphasized standing with Ukraine means being on the right side of history.
- Until this announcement, Norway remained the only non-EU nation pledging £7 billion for 2027. Hopes remain high that Canada will contribute significantly to Ukraine's finances at an ongoing EU-Canada summit in Montreal.
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61 Articles
The United Kingdom will provide Ukraine with 10 billion pounds (more than 290 billion crowns) of economic and military aid in its largest ever package. The British government announced this in a press release on Wednesday, saying that the new package is intended to help Kiev defend its people.
The UK will provide additional financial support to Ukraine totalling £10 billion ($13.3 billion), as reported by United Kingdom Treasury Secretary John Healy.
The British Government announced a new £10 billion economic and military support package for Ukraine, aimed at strengthening its defence capabilities, maintaining economic stability and sustaining public services during the winter.
Healey said the £10 billion of additional economic and military support is "based on loans, export financing guarantees, and £500 million in urgent military financing for this winter."
The aid includes economic support and the promotion of British exports, especially for arms supplies.
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