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UK to enter talks to join £78bn EU loan scheme for Ukraine

UK to enter talks to join £78bn EU loan scheme for Ukraine

Summary

The UK plans to start talks to join a £78 billion EU loan scheme that supports Ukraine during the conflict with Russia. Sir Keir Starmer, the UK Prime Minister, will discuss this and other security issues at a European summit in Armenia.

Key Facts

  • The UK aims to join a £78 billion (€90 billion) EU loan program to help Ukraine.
  • The loan will support Ukraine’s defense and provide financial aid for its needs.
  • Sir Keir Starmer met Ukrainian President Volodymyr Zelensky in Armenia before the summit.
  • Zelensky asked Starmer to send thanks to King Charles III for supporting Ukraine.
  • The loan deal was approved by EU leaders after Hungary lifted its veto.
  • The UK plans to announce more sanctions on Russian companies soon.
  • Starmer wants closer UK-EU cooperation on defense and business but says Brexit will not reverse.
  • Discussions at the summit will also cover Middle East security, especially in the Strait of Hormuz.
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