Headlines

Putin ally says UK will have to return Russia money that London has 'illegally' gifted to Ukraine

Published by Global Banking & Finance Review

Posted on March 7, 2025

1 min read

· Last updated: January 25, 2026

Add as preferred source on Google
Putin ally says UK will have to return Russia money that London has 'illegally' gifted to Ukraine
Global Banking & Finance Awards 2026 — Call for Entries

MOSCOW (Reuters) - The speaker of Russia's lower house of parliament, Vyacheslav Volodin, said on Friday that Britain would have to return Moscow money that London had decided to illegally gift to

Putin ally says UK will have to return Russia money that London has 'illegall...

MOSCOW (Reuters) - The speaker of Russia's lower house of parliament, Vyacheslav Volodin, said on Friday that Britain would have to return Moscow money that London had decided to illegally gift to Ukraine to fund Kyiv's military.

Volodin, an ally of President Vladimir Putin, was speaking after Ukrainian Prime Minister Denys Shmyhal said Ukraine had received a first tranche of funds worth about $1 billion from Britain, secured by the proceeds of frozen Russian assets.

"England's transfer of funds belonging to Russia to Ukraine is a gross violation of international law. They will have to give back to Russia what they are now so generously giving away," Volodin said, according to parliament's press service.

"This will undermine confidence in Britain's financial system forever, because what happened destroys the principle of the inviolability of property, on which the entire global financial system is based."

(Reporting by Reuters; Editing by Andrew Osborn)

Key Takeaways

  • Vyacheslav Volodin claims UK must return funds to Russia.
  • Funds were allegedly gifted to Ukraine illegally.
  • Volodin warns of damage to UK's financial reputation.
  • Ukraine received $1 billion from frozen Russian assets.
  • Volodin cites violation of international property laws.

Frequently Asked Questions

What did Vyacheslav Volodin say about UK funds to Ukraine?
Volodin stated that England's transfer of funds belonging to Russia to Ukraine is a gross violation of international law and that they will have to return what they are giving away.
How much money did Ukraine receive from Britain?
Ukraine received a first tranche of funds worth about $1 billion from Britain, as mentioned by Ukrainian Prime Minister Denys Shmyhal.
What are the implications of the UK's actions on its financial system?
Volodin warned that the UK's actions would undermine confidence in Britain's financial system forever, as it destroys the principle of the inviolability of property.

Tags

Related Articles

More from Headlines

Explore more articles in the Headlines category