Great Britain proposes to provide loans to Ukraine using frozen russian assets

Politico writes about this.

Although most of russiaʼs assets — €185 billion — are frozen in the EU, around £25 billion is still held in the UK.

UK Finance Minister Rachel Reeves presented an initiative to use these funds for loans to Ukraine at a meeting of EU finance ministers on September 20 in Copenhagen.

She did not provide specific details on how the plan would work, but stressed that the loans would comply with international law and would not involve the permanent confiscation of russian state assets.

Politico writes that this £25 billion is planned to be used for the UK’s “reparations loan” program, which, according to the country’s Ministry of Finance, “will work in synchrony” with the EU program.

The ministry added that proposals “under consideration” could “unlock funding for the full value of assets held in the UK.

Source: Babel, Politico