London is ready to provide Ukraine with a loan in the amount of the frozen assets of the Russian Central Bank in the UK on the basis that Russia will pay reparations to Ukraine after the war. This was stated by British Foreign Secretary David Cameron, The Guardian reports.
"There is an opportunity to use something like a syndicated loan or bond that actually uses frozen Russian assets as a guarantee to provide this money to Ukrainians, knowing that we will reimburse them when Russia pays reparations. This may be the best way. We want to achieve maximum unity of the G7 and the EU on this issue, but if there is not, we will have to move forward with allies who want to take such measures," the minister said.
According to him, the assets will be used as a guarantee for the payment of reparations.
According to journalists, this plan is more radical than the proposals discussed in the European Union to provide Ukraine with only income from frozen Russian assets. The annual income from these assets is estimated at $4 billion.
The publication concludes that this plan will be especially useful for Ukraine if the US Congress continues to block aid to Ukraine.
