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United Kingdom·European Union·Ukraine·Diplomacy·Trade & Economy

UK joins EU's €78 billion loan scheme for Ukraine

Monday, 4 May 2026, 19:39 · 1 min read

British Prime Minister Keir Starmer has begun negotiations for the UK to join the European Union's €78 billion recovery loan scheme for Ukraine, announcing the move at the European Political Community summit in Yerevan, Armenia. Under the plan, British defence firms would be able to supply equipment to Kyiv in exchange for a UK financial contribution of up to £400 million, drawn from funds already set aside for Ukraine. Starmer said the benefits of participation outweigh the costs, and framed the move as part of a broader push to deepen economic and security ties with the EU at a time of growing uncertainty over US commitment to European defence.

Sources
European CommissionJoint statement following a meeting between President of the European Commission, Ursula von der Leyen, and UK Prime Minister, Keir Starmer ↗︎The GuardianStarmer lauds £78bn EU loan for Ukraine amid increased Trump tensions ↗︎
This article was automatically compiled by AI from the sources above. It may contain inaccuracies. Always read the original sources for the full context.