The United Kingdom and Ukraine signed a landmark 2.26 billion pounds loan agreement on Saturday to enhance Kyiv’s defense capabilities, reinforcing Britain’s unwavering support for Ukraine amid ongoing tensions with Russia. The deal, signed by UK Chancellor Rachel Reeves and Ukrainian Finance Minister Sergii Marchenko, will be repaid using profits from sanctioned Russian sovereign assets, with the first tranche of funds expected to reach Ukraine next week.
The agreement comes just a day after an extraordinary diplomatic standoff between Ukrainian President Volodymyr Zelenskyy and US President Donald Trump at the White House. In a tense Oval Office meeting, Trump reportedly berated Zelenskyy, accused him of disrespecting the US, and ultimately denied him the opportunity to sign a minerals agreement intended to strengthen economic and defense ties between Washington and Kyiv.
In stark contrast, Zelenskyy was warmly welcomed in London by Prime Minister Keir Starmer, who reassured him of the UK’s “unwavering support.” Addressing gathered crowds outside 10 Downing Street, Starmer declared, “We stand with you and Ukraine for as long as it may take.” Zelenskyy, in response, expressed gratitude for the UK’s steadfast backing since Russia’s invasion.
Zelenskyy is set to meet King Charles on Sunday at Sandringham, further underscoring Britain’s continued diplomatic and military commitment to Ukraine. His visit coincides with a crucial European summit on Ukraine’s future, highlighting the widening divide between European allies and the US over the war.
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