NEWS STORY : UK Disburses £752 Million Military Loan to Ukraine Amid Ongoing Russian Assaults
STORY
The United Kingdom has provided Ukraine with a £752 million loan to bolster its defence capabilities, marking the second instalment of a £2.26 billion package under the Extraordinary Revenue Acceleration (ERA) Loans for Ukraine scheme. This funding aims to support Ukraine in procuring vital military equipment, including urgently needed air defence systems, as Russia continues its aerial bombardment, notably the recent attack on the city of Sumy.
The ERA scheme is structured to be repaid using profits generated from sanctioned Russian sovereign assets, ensuring that the financial burden does not fall on Ukrainian taxpayers. Chancellor Rachel Reeves emphasised the UK’s commitment to Ukraine, stating, “This loan underscores our unwavering support for Ukraine’s sovereignty and our dedication to upholding international law.” Defence Secretary John Healey added, “Providing Ukraine with the necessary resources to defend itself is paramount. This funding will directly enhance their defensive operations.”
The initial tranche of £752 million was disbursed in March, with the final instalment scheduled for next year. In addition to financial support, the UK is assisting Ukraine in acquiring radar systems, anti-tank mines, and hundreds of thousands of drones, further strengthening its defence capabilities. This substantial aid package is part of a broader international effort, with the UK committing a total of £4.5 billion in military support to Ukraine in 2025.
