The British government is ready to provide Ukraine with another 429 million pounds ($ 525 million) in loan guarantees.
Source: The British government
London is ready to provide guarantees for the allocation of World Bank funds at the end of the year. These loans will cover Ukraineʼs expenditures on public sector wages and maintenance of schools and hospitals.
With these guarantees, the total amount of financial and humanitarian support from Britain this year reaches $ 1.8 billion.
“The Ukrainian Government fears it could run out of funding by the autumn unless it is given urgent financial help. To help with this pressing need the UK stands ready to provide another $525 million (or £429 million) in guarantees for World Bank lending later this year. The new support announced today brings the total amount of fiscal support, including UK loan guarantees to £1.3 billion ($1.5 billion) and the combined UK economic and humanitarian support to Ukraine to £1.5 billion ($1.8 billion) this year.”
The British Prime Minister demonstrated his support for our country.
“The UK will continue to back Ukraine every step of the way because we know that their security is our security, and their freedom is our freedom.”