November 22, 2024
UK’s Lammy sets out further financial support for Ukraine during Kyiv visit #UKFinance

UK’s Lammy sets out further financial support for Ukraine during Kyiv visit #UKFinance

CashNews.co

UPDATE 1-UK’s Lammy sets out further financial support for Ukraine during Kyiv visit

Adds background in paragraph 3, quotes in paragraphs 4-5, detail on new military support in paragraph 6

LONDON, Sept 11 (Reuters)British foreign minister David Lammy said on Wednesday Britain would provide a further 600 million pounds ($781 million) of support for Ukraine as he visited Kyiv with U.S. Secretary of State Antony Blinken.

The British government said it would provide 242 million pounds of funding, including for humanitarian needs, and 484 million pounds in loan guarantees for World Bank lending to Ukraine before the end of the year.

Britain has already committed 3 billion pounds a year of military support to Ukraine for as long as needed.

Lammy said in a statement the latest funding would provide “vital support to Ukrainians as they continue to endure relentless Russian attacks.”

“With the US, we stand firmly with Ukraine for as long as it takes,” he said.

Britain said it would also deliver hundreds of additional air defence missiles, tens of thousands of more artillery ammunition rounds, and more armoured vehicles to Ukraine by the end of the year.

($1 = 0.7683 pounds)

Reporting by Kylie MacLellan, writing by Sachin Ravikumar