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UK is willing to 'lend' frozen Russian assets to Ukraine, foreign secretary says

Photo by Luke Stackpoole / Unsplash

The UK is willing to lend Ukraine all frozen Russian assets held in Britain on the understanding that Russia will be forced to pay reparations when the war is done, said UK Foreign Secretary David Cameron.

"There is an opportunity to use something like a syndicated loan or a bond that effectively uses the frozen Russian assets as a surety to give that money to the Ukrianians knowing that we will recoup it when reparations are paid by Russia," Cameron told Peers last night, reported The Guardian.

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