UK loans £2bn from frozen Russian assets to Ukraine

UK Minister Rachel Reeves announced a loan of over £2 billion from frozen Russian assets to support Ukraine's military. This funding is part of a larger G7 initiative to provide $50 billion in aid to Ukraine. The loan will be paid back using profits from sanctioned Russian assets and will be delivered in three annual payments. This adds to the UK's existing commitment of £3 billion per year in military aid. European leaders will meet in London to discuss responses to recent tensions between the US and Ukraine. The meeting follows a controversial encounter between US President Donald Trump and Ukrainian President Volodymyr Zelensky.