🔗 Share this article Britain Set to Use Immobilized Russian Assets to Finance the Ukrainian War Effort The United Kingdom is prepared to move forward with employing the full worth of frozen Russia's assets to bolster the Ukrainian defense operations, PM Sir Keir Starmer has announced. In a joint statement, the heads of state of the UK, France, and Germany asserted that this unified step would heighten pressure on Russia's leader Vladimir Putin and persuade the Russian Federation to come to the table. They clarified that the decision would be implemented in tight collaboration with the America. British penalties have immobilized in excess of £25bn of Russia's funds since Russia initiated its full-scale invasion against Ukraine in 2022. Yet, up to this point, money sent to the Ukrainian government using Russia's funds had exclusively been sourced from profits and interest generated on them. Sir Keir told President Volodymyr Zelensky that the United Kingdom, the French Republic, and Germany were in agreement in their desire to drive progress toward using the total worth of the frozen Russia's state funds to conclude the conflict. He stated that additional sanctions in the coming days and weeks would apply more pressure on Moscow. This announcement follows European Union leaders convened in the Danish capital last week to debate employing seized Russia's holdings for a 140-billion-euro loan to Ukraine. In the previous month, American leader Donald Trump urged Group of Seven partners to take or utilize seized Russian assets, according to news outlets. The total of seized Russian funds in the EU is calculated to be almost €211bn. President Zelensky calls on UK's Sir Keir Starmer to participate in the Purl program The Russian government executed extensive missile and drone strikes across the Ukrainian territory on that day, leading to blackouts in many areas of Kyiv, Kyiv, and several other zones. Several persons were killed and at least 20 people were injured in the attack, Ukrainian officials said. In a update on an online platform following the incident, Zelensky wrote that the strategic strike targeted non-military and power facilities. "What is required is not empty words but firm measures - from the US, EU, and the G7 - in delivering defense mechanisms and implementing penalties," he emphasized. "Each restrictive measure undermines Moscow's military apparatus," Zelensky noted, in a additional update. Additionally that day, Zelensky stated to media outlets he would press Sir Keir to participate in the weapons procurement programme, under which alliance members purchase military equipment from the United States to donate to Ukraine. While applauding the UK's consistent assistance for the Ukrainian government, he noted it should send a clear signal that it would engage in the program, as well as enforce more measures on Moscow. Significant Attacks Cut Power in the Capital and Across Ukraine War in Ukraine French Republic Federal Republic of Germany Russia Ukraine