UK Supports Ukraine with Landmark £2.26 Billion Military Loan from Frozen Russian Assets

The Latest: The UK has inked an extraordinary £2.26 billion military loan deal with Ukraine, financed by frozen Russian assets. The agreement, sealed at Downing Street yesterday, will be disbursed in three yearly installments of £752m, representing a historic use of Russian frozen assets for military support. Why It Matters: This innovative loan is significant, given the current heightened tensions between Ukraine and the US, sparked by a recent intense exchange at the White House. Today, European leaders convene in London to deliberate on peace negotiations and enhanced defense expenditures, aiming for greater autonomy from US backing.