The UK is ready to provide Ukraine with additional loan guarantees in the amount of 429 million pounds ($525 million) through the World Bank. This is stated in a statement released on Saturday, June 25, by the office of the British Prime Minister. Boris Johnson.
“The Ukrainian government fears that it will run out of financial resources by autumn if it is not provided with urgent financial assistance. To help deal with the pressure, the UK is ready to offer another $525 million in World Bank guarantees later this year.
It notes that in total, the UK has provided Ukraine with economic and humanitarian assistance worth 1.5 billion pounds ($ 1.8 billion), including loans through the World Bank and the European Bank for Reconstruction and Development in the amount of up to 1.3 billion pounds ( $1.5 billion). In addition, London provided the Kyiv authorities with military assistance in the amount of 1.3 billion pounds ($1.5 billion).
In a statement from Johnson’s office, released ahead of the G7 summit, it is emphasized that “any signal of Western fatigue or indecision on the issue of supporting Ukraine will play into the hands of the Russian Federation.”
At a meeting of the G7 leaders, which will be held on June 26-28 in Elmau Castle near the city of Garmisch-Partenkirchen (Federal State of Bavaria) in southern Germany, the British Prime Minister intends to urge Western allies to continue to put pressure on Russia, the report specifies.