UK to Use Frozen Russian Assets for Ukraine: Russia Condemns
The UK plans to allocate over £2 billion of frozen Russian assets to support Ukraine’s military and infrastructure rebuilding, a move condemned by the Russian embassy in London as a “fraudulent scheme.” This loan, part of a larger G7 initiative, utilizes Russian central bank assets held primarily within the EU. The funds are intended for military aid, potentially including the development of advanced drone technology. Russia has previously levied similar accusations against the US regarding similar asset transfers.
John Q. Hosedrinker