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Starmer urges allies to 'finish the job' on frozen Russian assets to fund Ukraine's defence

Published by Global Banking & Finance Review

Posted on October 24, 2025

1 min read

· Last updated: January 21, 2026

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Starmer urges allies to 'finish the job' on frozen Russian assets to fund Ukraine's defence
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LONDON (Reuters) -British Prime Minister Keir Starmer said on Friday that European leaders of the so-called 'coalition of the willing' needed to agree to finish the job on using frozen Russian assets

Keir Starmer Calls for Action on Frozen Russian Assets to Support Ukraine

LONDON (Reuters) -British Prime Minister Keir Starmer said on Friday that European leaders of the so-called 'coalition of the willing' needed to agree to finish the job on using frozen Russian assets to bolster Ukraine’s defences.

"We need to agree to finish the job on Russia's sovereign assets and unlock billions to help finance Ukraine's defence," Starmer told the European leaders at the meeting in London.

"The UK is ready to move in tandem with the EU to drive this forward as fast as possible."

(Reporting by William James, writing by Sam Tabahriti)

Key Takeaways

  • Keir Starmer urges European leaders to use frozen Russian assets.
  • The assets are intended to support Ukraine's defense efforts.
  • Starmer emphasizes UK and EU cooperation in this initiative.
  • The meeting took place in London with European leaders.
  • The goal is to unlock billions in Russian sovereign assets.

Frequently Asked Questions

What is Ukraine's defense funding?
Ukraine's defense funding involves financial resources allocated to support the country's military capabilities and defense initiatives, particularly in response to external threats.
What is a coalition in finance?
A coalition in finance refers to a group of countries or organizations that come together to achieve common financial goals or address shared economic challenges.
What is the role of the UK in international finance?
The UK plays a significant role in international finance as a global financial center, facilitating trade, investment, and economic cooperation among countries.

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