Ukraine secures $2.85B loan from UK for defense

Ukraine and the United Kingdom have signed a loan agreement worth £2.26 billion ($2.84 billion) to enhance Ukraine's defense capabilities. The deal was finalized during a virtual ceremony attended by finance ministers and leaders from both countries. The loan will be repaid using funds from confiscated Russian state assets. UK officials stated that the money will help strengthen Ukraine's military hardware on the front lines. The UK has committed to maintaining military support for Ukraine, matching the over £12 billion already provided. The loan aims to be distributed quickly within the legal framework established.