Austen Shakespeare

UK government injects $100m into Ukrainian economy as international talks begin

The Prime Minister commences a week of engagement with world leaders to mobilise practical and sustained support for Ukraine.

The three Prime Ministers will convene for separate bilateral meetings and a joint trilateral meeting. There will also be a joint press conference at the Downing Street Briefing Room.

It comes as the UK allocates an additional $100m directly to the Ukrainian government budget to mitigate financial pressures created by Russia’s unprovoked and illegal invasion.

This grant could be used to support public sector salaries, allowing critical state functions to keep operating, as well as to support social safety nets and pensions for the Ukrainian people. The grant will be provided through the World Bank.

Prime Minister Boris Johnson said: “In the time since Russia’s illegal and brutal assault we have seen the world stand up tall in solidarity with the indomitable people of Ukraine. UK aid is already reaching those who need it most, delivering essential supplies and medical support.

“While only Putin can fully end the suffering in Ukraine, today’s new funding will continue to help those facing the deteriorating humanitarian situation.”

The new UK $100m funding announced today comes on top of the UK training 22,000 soldiers, supplying 2,000 anti-tank missiles, providing £100m for economic reform and energy independence, and providing £120m of humanitarian aid including £25m of match funding to the Disasters Emergency Committee (DEC) appeal.

This follows our offer to guarantee up to $500m of Multilateral Development Bank financing. This will unlock further funding in support of the Ukrainian economy.

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