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Ukraine gets first funds from UK secured by Russian frozen assets, Kyiv says

Published by Global Banking & Finance Review

Posted on March 7, 2025

1 min read

· Last updated: January 25, 2026

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Ukraine gets first funds from UK secured by Russian frozen assets, Kyiv says
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KYIV (Reuters) - Ukraine has received a first tranche of funds worth about $1 billion from Britain, secured by the proceeds of frozen Russian assets, Prime Minister Denys Shmyhal said on Friday. "The

Ukraine Receives $1 Billion from UK Using Russian Assets

KYIV (Reuters) - Ukraine has received a first tranche of funds worth about $1 billion from Britain, secured by the proceeds of frozen Russian assets, Prime Minister Denys Shmyhal said on Friday.

"The funds will go towards strengthening Ukraine's defence capabilities," Shmyhal said. "We expect all sovereign assets of the Russian Federation to be confiscated and transferred to benefit our country in the future."

(Reporting by Yuliia Dysa, Olena Harmash; Editing by Andrew Cawthorne)

Key Takeaways

  • Ukraine received $1 billion from the UK.
  • Funds are secured by frozen Russian assets.
  • Money will enhance Ukraine's defense capabilities.
  • Ukraine expects future confiscation of Russian assets.
  • Prime Minister Denys Shmyhal announced the funding.

Frequently Asked Questions

What is the main topic?
The article discusses Ukraine receiving $1 billion from the UK, secured by frozen Russian assets, to support its defense.
What will the funds be used for?
The funds will be used to strengthen Ukraine's defense capabilities.
Who announced the funding?
The funding was announced by Ukraine's Prime Minister Denys Shmyhal.

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