Story perspectives

UK joins £78bn EU Ukraine loan, adds Russian sanctions

5/4/2026

Summary

Story summary

Britain will pair its participation in the EU’s £78 billion loan to Ukraine with sanctions on Russian firms.
Prime Minister Keir Starmer will tell the European Political Community summit in Yerevan that Britain will join the loan programme.
The loan, designed to meet about two-thirds of Ukraine’s needs over two years, mainly funds military spending and could open contracts for UK defence firms, while sanctions will hit Russian military supply chains.

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Story summary

Britain will pair its participation in the EU’s £78 billion loan to Ukraine with sanctions on Russian firms.
Prime Minister Keir Starmer will tell the European Political Community summit in Yerevan that Britain will join the loan programme.
The loan, designed to meet about two-thirds of Ukraine’s needs over two years, mainly funds military spending and could open contracts for UK defence firms, while sanctions will hit Russian military supply chains.