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UK Offers Ukraine Economic Support Loan

Foreign Secretary Liz Truss reiterates the UK’s commitment in standing ready to guarantee up to $500 million in loans to support Ukraine and mitigate the economic effects of Russian aggression.

Following the Prime Minister’s announcement yesterday, the UK stands ready to offer guarantees of Multilateral Development Bank (MDB) lending for projects that will support economic stability and vital reforms such as tackling anti-corruption.

This support will help mitigate economic impacts on Ukraine’s economy due to Russia’s aggression.

Foreign Secretary Liz Truss said:

  • We are putting our money where our mouth is and using Britain’s economic expertise and strength to support the people of Ukraine. These guarantees can help inject vital capital into Ukraine and help its economy weather the storm of Russian aggression.
  • Britain stands four-square behind Ukraine and its people. We stand ready to offer direct economic support, providing defensive weapons, and exposing Russian attempts to engineer fake pretexts for invasion.

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