The British government is ready to transfer £8 billion ($10.6 billion) of frozen Russian assets to Ukraine, The Times reported, citing a source in the British cabinet.
According to the newspaper, London hopes to reach agreement on a unified position among Western countries on the issue of a “reparations loan“. However, the newspaper notes that the UK has not yet developed a final method for seizing Russian assets for transfer to Kiev.
On December 3, European Commission President Ursula von der Leyen announced that the EC Board had approved the granting of a “potential reparations loan“ to Ukraine by frozen Russian assets instead of their expropriation.
According to her, Kiev will need 135 billion euros by the end of 2027 to continue military operations and support government activities. Therefore, the EC proposed an alternative to the expropriation of Russian assets - a loan of 90 billion euros, which would cover two-thirds of Ukraine's needs.