The foreign secretary, David Cameron, said the UK could loan Russian central bank assets in the UK to Ukraine, which it could recuperate from Russian reparations paid to Kyiv after the war. Lord Cameron told the House of Lords on Tuesday: 'There is an opportunity to use something like a syndicated loan or a bond that effectively uses the frozen Russian assets as a surety to give that money to the Ukrainians, knowing that we will recoup it when reparations are paid by Russia.' He added that the government was aiming for maximum 'G7 and EU unity' on the proposal, but the UK would be ready to 'move ahead with allies that want to take this action'

Source: The Guardian March 06, 2024 15:21 UTC