Ukraine and UK sign US$3bn defence loan agreement

17 comments

1. Like the US has with Israel? Wouldn’t it be better if we used that money on our own defence?

2. >The funds are part of the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) mechanism worth US$50 billion. The loan will be serviced and repaid from future revenues received from immobilised Russian sovereign assets.

   Good, I hope Russia never get its assets back. Give them all to Ukraine for all I care.

3. Needs to be higher. Raise taxes if you have to, Ukraine needs more money. And soldiers

4. I’m glad we are doing this, and I hope fellow Europeans join us.

   But, this being a 3 billion loan, what happens if Ukraine lose? There won’t be a Ukraine because Russia will claim it. That’s a lot of British money gone, and a big enemy ahead of us.

   I haven’t been concerned the past 3 years because Ukraine has had the USA’s backing… But after the disaster with “our” friends over the pond, who have funded almost 50% of Ukraine’s defense. That’s a big gap that needs closing.

5. Why are we being sucked in to this? He should be focused on the UK economy which is in the gutter. Inflation is destroying the country and he is giving away another £3bn? ffs!

6. To what end? Ukraine has had all this financial support and is just very slowly losing territory. None of the European leaders have any answer or alternative.

7. Real respect for UK. I am from china and I must say I admire UK for its bravery kindness and the culture of honoring contractual obligations.

8. Doing things like this, the UK are screwing over Ukraine probably as much as Russia. Let me explain before you all explode. It’s all about balancing the books.

   This $3bn is one of many loans, meaning Ukraine have to pay us back with interest, let’s say at 5% (I will discuss indexed linked later). We then borrow the $3bn at a lower rate, maybe at 3%, so not only are we earning a profit, technically on the books we are not in debt, as the amount we borrowed is owed to us by Ukraine, being our collateral, and having collateral is the same as having cash.

   Going back to indexed linked, which additionally increases the loan to match inflation, and after the war, Ukraine’s inflation will be really high, so Ukraine will owe us even more money than we originally gave them.

   Thing is that Ukraine are taking so much aid, so far around $500bn, that it is going to cause immense suffering for the Ukrainian people for decades after the war trying to pay off this immense debt.

   If we supply Ukraine with defence as boots on the ground, don’t think for a second this is free for Ukraine, they have to pay us either as a loan or give us rights to resources, again screwing over the Ukrainian people even more. It’s like colonialism on steroids!

   Ukrainian GDP is $178bn, they have no chance of paying us back unless they stop spending on the people for decades and just give it all to Europe to pay back their loans, causing immense suffering to the Ukrainian people.

   Don’t think for a minute the West are helping Ukraine or Russia are doing it to save the Ethnic Russians, these are just excuses that the gullible public on both sides believe, this whole war is for money, and millions of lives are getting lost so that a few people can get very rich.

   Regarding NATO. By being part of NATO you can only buy weapons from approved NATO states, thus the UK doesn’t own any Mig Jets. Promising to defend you if you get invaded does not come free!!!

   America and Europe are also fully aware of the corruption in Ukraine and how over $100bn aid cash has gone missing. We all know that government officials in Ukraine have taken the money, even our governments do, but the Ukrainian officials need an incentive and good reason to screw over their people, and what better than a “bribe”.

   Now if any of you say that you wouldn’t accept £10m, but the downside is it will hurt your country financially, you would be a liar if you said you wouldn’t take it, especially if your colleagues are already doing it.

   Lastly, I think Ukraine will default as they will never be able to pay back the loan, and the interest alone, without the indexed link increases, will be a huge percentage of their GDP. If they default we get nothing as we can’t send in the bailiffs. I personally think they will default due to a military coup, meaning all bets are off and we get diddly squat.

9. Europe needs to stop trading in $ and start using their own respective currencies.

10. 2.26 Billion Pounds = 3 Billion Dollars

    **Quote:** “Today, Ukraine’s Finance Minister Serhii Marchenko and the UK’s Chancellor of the Exchequer Rachel Reeves signed an agreement to provide Ukraine £2.26bn (around $3bn). 

    British Pound is still the fifth strongest Currency in the world, no matter what you think

    [https://www.xe.com/blog/currency-news/strongest-currencies-in-the-world/](https://www.xe.com/blog/currency-news/strongest-currencies-in-the-world/) proof

11. King Charles should Greet Zelensky in casual attire as an snub to Trump and his bullies

12. Stop using dollars, yuan is the strongest currency nowadays, the pound and even the euro beats the dollar

13. This is solid idea. Give 3 bln from russian assets as a loan and expect repayment to GB in near future. Good play !

14. In the UK threre are those who support the war with russia and tjose who want it to end. I am curious what is the people profile for or against it.

15. Honestly wish this money was invested in the people but the more I think about it, it wouldn’t matter. I hope Ukraine survives but I also hope that our government takes care of the working class.

16. So the British tax payer foots the bill for the Ukraine war?

17. So, a legit loan? Not a “gift” with a 10% kickback for the big guy?

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