London plans to transfer frozen Russian assets to Kyiv.

London Plans to Transfer Frozen Russian Assets to Kyiv

London. Picture.

The Times reports that the UK government is considering transferring 8 billion pounds (about 10.6 billion US dollars) in frozen Russian assets to Kyiv to support Ukraine.

The report mentions, "Ministers are preparing to allocate 8 billion pounds from the UK's frozen Russian assets to support Ukraine."

The newspaper points out that London is trying to reach an agreement with the EU and other countries to raise up to 100 billion pounds (about 133 billion US dollars) in funds specifically for Ukraine's military needs. This money "would cover more than two-thirds of Ukraine's financial needs over the next two years, whether for ongoing conflict or funding post-war reconstruction after a peace agreement is reached."

The Times also added that the income generated from the frozen assets has previously been used to fund Ukraine, and "the core of the new plan is to use the remaining cash to provide Kyiv with 'reconstruction loans' between 2026 and 2027."

Original: toutiao.com/article/7580229738535354934/

Statement: The article represents the views of the author alone.