Ukraine gets first funds from UK secured by Russian frozen assets, Kyiv says

British PM Johnson meets German Chancellor Scholz in London
FILE PHOTO: The Ukrainian flag and the Union Jack fly above Downing Street in London, Britain, April 8, 2022. REUTERS/Tom Nicholson/File Photo
Source: X07393

Ukraine has received a first tranche of funds worth about $1 billion from Britain, secured by the proceeds of frozen Russian assets, Prime Minister Denys Shmyhal said on Friday.

"The funds will go towards strengthening Ukraine's defence capabilities," Shmyhal said. "We expect all sovereign assets of the Russian Federation to be confiscated and transferred to benefit our country in the future."

This article was produced by Reuters news agency. It has not been edited by Global South World.

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