Britain is ready to give Ukraine $500 million in credit guarantees
The United Kingdom is ready to guarantee loans of up to $500 million to support Ukraine and mitigate the economic consequences of Russian aggression.
This is stated in a statement by Foreign Minister Liz Truss, EP reports.
Britain is ready to offer guarantees to the Multilateral Development Bank (MDB) for projects that support economic stability and vital reforms, such as the fight against corruption. This support will help mitigate the economic impact on Ukraine's economy through Russian aggression.
"We are using Britain's economic experience and strength to support the people of Ukraine. These guarantees can help inject vital capital into Ukraine and help its economy survive the storm of Russian aggression," she said.
In December, Britain also increased the amount of financial support available to Ukraine from UK Export Finance (UKEF) to £3.5 billion and signed a new agreement to help Ukraine increase its naval capabilities.
