UK Signs $2.8 Billion Loan Agreement to Support Ukraine's Defense Production

The loan, funded by profits from frozen Russian assets, follows tensions between Zelensky and Trump over U.S. support and resource negotiations.

The United Kingdom has signed a $2.8 billion loan agreement with Ukraine to fund domestic weapons production as part of a G7-led initiative worth $50 billion.
The loan will be repaid using revenues from frozen Russian sovereign assets and is structured with a 30-year repayment term.
Ukrainian President Volodymyr Zelensky thanked the UK for its unwavering support, highlighting the loan as a step toward strengthening Ukraine's defense capabilities.
The agreement follows a contentious meeting between Zelensky and U.S. President Donald Trump, where discussions over a rare earth minerals deal and peace negotiations broke down.
British Prime Minister Keir Starmer publicly reaffirmed the UK's commitment to Ukraine during Zelensky's visit, emphasizing long-term support for the country's fight against Russian aggression.