Britain abandons idea to hand over frozen Russian assets to Ukraine – FT
20 December 2025 17:09
The British authorities have abandoned the idea of using Russia’s frozen assets to finance Ukraine’s needs unilaterally.
This was reported by the Financial Times, "Komersant Ukrainian" reports.
“British officials said on Friday that London would not unilaterally use frozen Russian assets to help Kyiv, as it planned to do so only in conjunction with Australia, Canada and the EU,” the statement said.
This decision came after a similar initiative failed to find support in the European Union on Friday, December 19. Instead, EU leaders agreed to provide Ukraine with a €90 billion loan, which will be guaranteed by the bloc’s general budget.
A representative of the UK government emphasized that the country would continue to act exclusively within the framework of joint agreements with the G7 and the EU.
For her part, the head of the British Treasury, Rachel Rees, assured that London would work with its partners “as a matter of urgency” to provide Ukraine with the necessary funding.
“The UK’s support for Ukraine remains unwavering,” she emphasized.
At the same time, the UK government announced the “re-profiling” of loan guarantees worth $2 billion. They were extended until 2026 to cover the urgent needs of the Ukrainian budget.
