Starmer says UK opening talks with EU on joining €90bn loan scheme for Ukraine – UK politics live
Summary
UK Labour leader Keir Starmer announced plans for the UK to join the European Union’s €90 billion loan scheme to support Ukraine. This move aims to help Ukraine in its conflict, strengthen UK-EU ties after Brexit, and allow British companies to access contracts funded by the loan.Key Facts
- Keir Starmer made the announcement while attending the European Political Community (EPC) summit in Yerevan, Armenia.
- The €90 billion loan for Ukraine became possible after Hungarian Prime Minister Viktor Orbán, who had blocked it, left office.
- Joining the loan scheme would help Ukraine with its military needs in the ongoing conflict.
- UK businesses would gain opportunities to take part in contracts funded by the loan.
- The initiative is part of Starmer’s effort to improve UK-EU relations after Brexit.
- The move follows calls from the UK prime minister to boost defense and security cooperation with the EU.
- A UK-EU summit is expected this summer to discuss further economic and security cooperation.
- There are reports that closer UK access to the EU market might require the UK to pay around £1 billion annually, but the government has not confirmed this.
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