Similar Stories to Russia's Frozen Assets Are Being Used By The Uk For A $3 Billion Loan To Ukraine on Bing News

insider@insider.com (R), Business Insider
Tue, 10/22/2024 - 9:07am

St Petersburg, RussiaTONNAJA/Getty ImagesThe UK is using profits from Russia's frozen assets to offer a $3 billion loan to Ukraine.The loan is part of a larger $50 billion aid package from G7 nations to Kyiv.About $322 billion of Russian assets were frozen abroad following the invasion of Ukraine. The British government is tapping Russia's frozen assets for a loan to Ukraine, with the intention of helping Kyiv secure more military and fund reconstruction costs.The loan, which amounts to £2.3 billion, or $3 billion, is being provided using profits generated from Russian assets, according to a memo on the UK government website.

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Russia's frozen assets are being used by the UK for a $3 billion loan to Ukraine
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Similar Stories to Russia's Frozen Assets Are Being Used By The Uk For A $3 Billion Loan To Ukraine on Bing News

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