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Nov 23, 2021
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UK Foreign Office Announces £ 1.7bn Loan Issued to Ukraine

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UK Foreign Office Announces £ 1.7bn Loan Issued to Ukraine
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UK Government / OGL 2

As follows from the agreement between the countries, the loan must be used to finance contracts, half of the goods from services for which must be carried out from the UK. The corresponding agreement is a measure to support the sovereignty of Ukraine, as well as to protect the territorial waters of the Black and Azov Seas.

“The British side intends to provide official credit support to the Ukrainian side in the form of a loan for the implementation of projects agreed between the parties. The total loan amount for financing contracts should not exceed 1.7 billion pounds sterling or the equivalent in dollars or euros, ”the document says.

These contracts imply the supply to Ukraine of two anti-mine ships, the production of eight missile ships, as well as a frigate. In addition to this, Kiev will receive modifications for the weapon systems of its ships.

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