• Main
  • News
  • War
  • Ukraine has received over $1 billion from the UK from proceeds of Russian assets

Ukraine has received over $1 billion from the UK from proceeds of Russian assets

Dmitro Shevchuk
Dmitro Shevchuk Executive Editor
Ukraine has received over $1 billion from the UK from proceeds of Russian assets
United Kingdom
These funds will be used to strengthen our country’s defence capabilities.

This was announced by the press office of the Ministry of Finance.

The funds will be used to strengthen Ukraine’s defence capabilities.

As a reminder: in March 2025, Ukraine’s Minister of Finance Serhiy Marchenko and the UK’s Chancellor of the Exchequer Rachel Reeves signed an agreement to provide Ukraine with £2.26 billion (around $3 billion) for defence needs. Ukraine received the first two tranches, totalling £1.5 billion, in March and April 2025.

The funds are part of the G7’s ERA mechanism totalling $50 billion. The loan will be serviced and repaid from future proceeds derived from frozen Russian sovereign assets. The financing is provided for a period of 30 years. 

Earlier, Defence Minister Mykhailo Fedorov summarised the aid agreed for Ukraine during the ‘Ramstein’ meeting. 

Follow us on Telegram 

Share tittle
War
More
Over the past 24 hours, there have been 279 combat engagements on the front line
War

Over the past 24 hours, there have been 279 combat engagements on the front line

Over the past 24 hours, Russian troops have carried out hundreds of attacks on the positions of the Ukrainian Defence Forces and on Ukrainian towns and villages. The enemy remained most active in the Pokrovsk, Huliaipole and Lyman sectors.

04.06.2026
The Russian Federation’s military casualties have exceeded 1.369 million
War

The Russian Federation’s military casualties have exceeded 1.369 million

Over the past 24 hours, the Russian army has lost a further 1,300 troops in the war against Ukraine. The Defence Forces have also destroyed dozens of enemy vehicles and weapons.

04.06.2026
A Russian drone attacked an evacuation vehicle belonging to a humanitarian mission in Druzhkivka
War

A Russian drone attacked an evacuation vehicle belonging to a humanitarian mission in Druzhkivka

In Druzhkivka, in the Donetsk region, a Russian FPV drone struck an armoured vehicle belonging to the ‘Proliska’ humanitarian mission, which was being used to evacuate civilians. The driver was unharmed, but the vehicle sustained damage.

03.06.2026
1,500 motorcycles have been procured for the Ukrainian Armed Forces – Fedorov
War

1,500 motorcycles have been procured for the Ukrainian Armed Forces – Fedorov

The Defence Procurement Agency (DPA) has signed contracts for the supply of 1,500 motorcycles to the Armed Forces of Ukraine.

03.06.2026
Syryskyi called for the rational use of resources due to a shortage of air defence missiles
War

Syryskyi called for the rational use of resources due to a shortage of air defence missiles

Commander-in-Chief of the Armed Forces of Ukraine Oleksandr Syrskyi emphasised that Ukraine lacks modern air defence systems and the missiles required for them. He stressed the importance of making efficient use of available resources, improving effectiveness, and receiving assistance from partners.

03.06.2026