🔗 Share this article The United Kingdom Prepared to Use Seized Russia's Holdings to Finance Ukraine's Defense The United Kingdom is set to progress with utilizing the full worth of frozen Russian holdings to support Ukraine's war effort, Leader Sir Keir Starmer has stated. In a collective announcement, the heads of state of the Britain, the French Republic, and the Federal Republic of Germany emphasized that this unified step would heighten pressure on Moscow's head Vladimir Putin and urge the Russian Federation to come to the table. They further noted that the move would be carried out in tight collaboration with the America. UK sanctions have blocked more than £25bn of Russia's assets since Moscow launched its full-scale invasion against the Ukrainian nation in 2022. But, up to this point, resources provided to Ukraine using Russia's assets had exclusively been drawn from profits and interest accrued on them. Sir Keir told Ukraine's leader Volodymyr Zelensky that the UK, the French Republic, and the Federal Republic of Germany were aligned in their aim to drive progress toward utilizing the full value of the immobilized Russian sovereign holdings to conclude the conflict. He noted that more restrictions over the next period would apply more pressure on the Russian government. This statement is subsequent to European Union officials convened in Copenhagen last week to discuss using seized Russia's funds for a €140 billion loan to the Ukrainian nation. Last month, American leader Donald Trump urged international partners to seize or otherwise use frozen Russia's funds, based on news outlets. The value of frozen Russia's funds in the EU is assessed to be nearly €211bn. Leader Zelensky calls on UK's Sir Keir Starmer to take part in the weapons procurement initiative Russia executed large-scale aerial attacks all over the Ukrainian territory on recently, resulting in electricity outages in large parts of the capital city, the city, and multiple additional areas. Several persons were killed and at least 20 people were wounded in the attack, authorities in Ukraine said. In a message on an online platform following the incident, Zelensky wrote that the strategic strike focused on civilian and energy infrastructure. "What's needed is not empty words but concrete steps - from the US, EU, and the Group of Seven - in supplying anti-aircraft weapons and implementing penalties," he stated. "Every sanction decision diminishes the Russian war effort," Zelensky wrote, in a different message. In the same period, Zelensky told reporters he would encourage Sir Keir to join the Purl program, under which Nato countries purchase arms from the US to donate to Ukraine. While commending the United Kingdom's consistent assistance for Kyiv, he said it should indicate firmly that it would take part in the program, as well as impose further sanctions on Russia. Large-Scale Assaults Cut Power in the Capital and Across Ukraine Conflict in Ukraine France Germany Russian Federation Ukrainian Nation