HomeInternationalUK ready to support Ukraine with $500m loans – Foreign Ministry

UK ready to support Ukraine with $500m loans – Foreign Ministry

Date:

Related stories

Again Kemi Badenoch criticizes Nigeria, vows to protect Britain from similar decline

UK Conservative Party leader, Kemi Badenoch, has expressed strong...

BRICS welcomes Nigeria as partner country amidst economic crisis

Nigeria has officially joined the BRICS bloc as a...

Israel, Hamas agree to ceasefire, hostages to be released

Israel and Hamas have reached an agreement for a...

19 killed in attack on Chad’s presidential complex

Gunmen attempted to storm the presidential complex in Chad’s...

Drunk police officer frees 13 suspects to celebrate New Year

A Zambian police officer, Detective Inspector Titus Phiri, has...
spot_img

The United Kingdom (UK) Foreign Ministry announced on Wednesday that London was ready to offer Ukraine 500 million dollars loans to support Kiev and help “mitigate economic effects of Russian aggression.”

This is contained in a statement by Foreign Secretary Liz Truss.

“We are putting our money where our mouth is and using Britain’s economic expertise and strength to support the people of Ukraine.

“These guarantees can help inject vital capital into Ukraine and help its economy weather the storm of Russian aggression,” Truss said.

The guarantees of Multilateral Development Bank lending will support economic stability and vital reforms such as tackling corruption.

The offer comes on top of increased support for military equipment from the UK ministry of defense and enhanced support to the humanitarian system in Ukraine. (NAN)

Subscribe

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here