The UK is ready to guarantee another $525 million in loans to the Ukrainian government, said a press release of the Prime Minister’s Office on Saturday, APA reports citing TASS.
"The Ukrainian Government fears it could run out of funding by the autumn unless it is given urgent financial help. To help with this pressing need the UK stands ready to provide another $525 million (or ·429 million) in guarantees for World Bank lending later this year," the release said.
"The new support announced today brings the total amount of fiscal support including UK loan guarantees to ·1.3 billion ($1.5 billion) and the combined UK economic and humanitarian support to Ukraine to ·1.5 billion ($1.8 billion) this year," it specified.
The release coming ahead of a G7 summit, stressed that "any sign of fatigue or wavering in Western support for Ukraine will play directly into President Putin’s hands".
At the G7 summit on June 26-28, the British prime minister intends to appeal to Western allies to keep pressure on Russia, it added.
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