U.K. Announces £10 Billion Ukraine Support Package

The United Kingdom has announced an additional £10 billion support package for Ukraine, including economic assistance, expanded export-finance capacity and £500 million in military funding for this winter. British officials described it as the country’s largest package of support for Ukraine to date. Chancellor John Healey told Parliament that the package would be based on loans, export-finance guarantees and the urgent military allocation. The headline figure therefore represents a mix of financing and support capacity, rather than £10 billion in direct cash transfers. The plan includes £7 billion in economic support to be made available over three years. It also adds £3 billion to UK Export Finance capacity for Ukraine, bringing the reported cover limit to £6.5 billion. The government says that capacity will be prioritized for military support; Ukrainian President Volodymyr Zelensky said it would be used primarily to buy weapons. The Ministry of Defence will provide an additional £500 million in military support this winter to address Ukraine’s urgent air-defence needs. The British government said the allocation, together with £750 million already committed through its...