UK pledges additional £1.3bn in military funds to Ukraine to counter Russia


The British government has pledged an additional £1.3 billion in military support to Ukraine during this exercise to help the country counter Russian forces in the ongoing conflict, as British Prime Minister Boris Johnson and other G7 leaders met virtually with Ukrainian President Volodymyr Zelenskyy on Sunday.

The meeting took place on a day, which is marked across Europe as VE Day or VE Day which ended World War II on 8 May 1945. The additional funding from the UK Uni will go for electronic warfare equipment, a battery meter radar system, GPS jamming equipment and thousands of night vision devices, among other military kits pledged by Johnson earlier.

[Russian President] Putin’s brutal attack is not only causing untold devastation in Ukraine, it is also threatening peace and security across Europe, Johnson said.

The UK was the first country to recognize the scale of the threat and sent arms to help Ukrainians defend themselves. We will support this effort, working with our allies to ensure that Ukraine can continue to repel the Russian invasion and survive as a free and democratic country. In the process, we are strengthening our own security and our economy, boosting the development and production of advanced defense equipment here in the UK, he said.

The extra £1.3bn comes from the reserve, funds the UK government said it has set aside for the most pressing emergencies.

This latest pledge comes on top of the UK’s current package for Ukraine which totals well over £1.5bn. The support already provided includes around £400m in humanitarian aid and grants and unlocks over £700m in additional World Bank loans through loan guarantees.

The situation in Ukraine continues to cause immense suffering, with every day bringing new tragic stories of Putin’s brutality, British Chancellor Rishi Sunak has said.

We are steadfast in our support for the people of Ukraine and this extra £1.3 billion will allow us to continue to provide the necessary military and operational support they need to defend themselves against Putin. The UK is at the forefront of economic, humanitarian and defensive support for Ukraine and we are working tirelessly to end this conflict, he said.

The latest announcement is also expected to help support the UK’s defense industry, with Johnson and UK Defense Secretary Ben Wallace due to hold a meeting of major defense contractors later this month to discuss the increase. production in response to the increased demand created by the conflict. in Ukraine and a worldwide abandonment of Russian-made weapons.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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