Britain Ready to Employ Frozen Russia's Assets to Support Ukraine's War Effort
The British government is ready to advance with employing the full worth of frozen Russian assets to aid the Ukrainian military campaign, Leader Sir Keir Starmer has announced.
In a collective announcement, the heads of state of the United Kingdom, the French Republic, and the Federal Republic of Germany asserted that this joint measure would heighten pressure on Russian President Vladimir Putin and persuade the Russian Federation to participate in talks.
They added that the move would be carried out in strong partnership with the US.
United Kingdom restrictions have frozen over £25bn of Russia's assets since Moscow initiated its widespread offensive against Ukraine in 2022. But, until now, money allocated to the Ukrainian government using Russia's assets had solely been sourced from profits and interest earned on them.
Sir Keir told President Volodymyr Zelensky that the Britain, the French Republic, and the Federal Republic of Germany were aligned in their aim to advance efforts toward utilizing the complete amount of the frozen Moscow's national assets to end the war.
He added that more measures soon would increase the strain on Russia.
This statement follows European leaders convened in the Danish capital previously to debate utilizing seized Russian assets for a €140 billion financial aid to the Ukrainian nation.
Last month, US President Donald Trump urged G7 allies to seize or otherwise use immobilized Russian assets, based on media sources.
The total of seized Russia's holdings in the European Union is calculated to be nearly €211bn.
President Zelensky calls on UK's Sir Keir Starmer to join the weapons procurement programme
Russia launched extensive bombardments throughout Ukraine on that day, resulting in electricity outages in many areas of Ukraine's capital, Kyiv, and eight other regions.
Two people were killed and no fewer than 20 people were hurt in the strike, the Ukrainian government said.
In a update on social media following the strike, Zelensky stated that the strategic strike focused on civilian and energy infrastructure.
"The necessity is not just talk but concrete steps - from the US, EU, and the seven nations - in delivering anti-aircraft weapons and applying restrictions," he emphasized.
"Each restrictive measure diminishes Russia's war machine," Zelensky declared, in a separate post.
In the same period, Zelensky informed reporters he would encourage Sir Keir to join the weapons procurement scheme, under which partner nations buy weapons from the United States to provide to Ukraine.
While praising the UK's consistent assistance for Kyiv, he remarked it should demonstrate clearly that it would participate in the program, as well as impose additional restrictions on the Russian Federation.
Major Russian Strikes Disrupt Electricity in the Capital and Throughout the Nation
- Ukraine War
- French Republic
- Federal Republic of Germany
- Russia
- Ukrainian Nation