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London ready to guarantee another $525 million in loans to Ukraine – PM

In total, the UK has allocated $1.8 billion in economic and humanitarian assistance to Ukraine, the British Prime Minister's Office said in a statement

LONDON, June 26. /TASS/. The UK is ready to guarantee another $525 million in loans to the Ukrainian government, said a press release of the Prime Minister’s Office on Saturday.

"The Ukrainian Government fears it could run out of funding by the autumn unless it is given urgent financial help. To help with this pressing need the UK stands ready to provide another $525 million (or ·429 million) in guarantees for World Bank lending later this year," the release said.

"The new support announced today brings the total amount of fiscal support including UK loan guarantees to ·1.3 billion ($1.5 billion) and the combined UK economic and humanitarian support to Ukraine to ·1.5 billion ($1.8 billion) this year," it specified.

The release coming ahead of a G7 summit, stressed that "any sign of fatigue or wavering in Western support for Ukraine will play directly into President Putin’s hands".

At the G7 summit on June 26-28, the British prime minister intends to appeal to Western allies to keep pressure on Russia, it added.

On February 24, Russian President Vladimir Putin announced a special military operation in response to a request for help by the heads of the Donbass republics. He stressed that Moscow had no plans of occupying Ukrainian territories. Afterward, the US, EU, UK and some other countries said they were imposing sanctions on Russian individuals and legal entities.

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