The British government is ready to transfer £8 billion (over $10.6 billion) of frozen Russian assets to support Ukraine. The Times writes about this, citing sources.
Government sources say the exact mechanism for unblocking and transferring this money to Ukraine has not yet been finalized.
In parallel, Britain is trying to reach an agreement with the European Union and other countries, including Canada, to allocate up to £100 billion to Ukraine’s military needs.
This money should cover more than two-thirds of Ukraine’s financial needs over the next two years, either to continue the war or to finance the country’s reconstruction in the event of a peace agreement.
