The UK government is ready to transfer £8 billion (over US$10.6 billion) in frozen Russian assets to support Ukraine. Source: The Times, citing government sourcesDetails: The Times stated that the UK government considers Russian leader Vladimir Putin a threat to the people, security and prosperity of the United Kingdom. Background:On 3 December, European Commission President Ursula von der Leyen announced two proposals on funding Ukraine in 2026 and 2027, one of which would use proceeds from frozen Russian assets in the EU to provide Ukraine with a reparations loan. Even before the new proposal from the European Commission was made public, Belgian Foreign Minister Maxime Prévot said it was absolutely unacceptable . Other EU countries are opposed to granting Belgium unlimited guarantees to release the loan for Ukraine.

Source: The Times December 05, 2025 06:04 UTC