UK Foreign Secretary David Lammy has announced a new aid package worth more than £600 million to Ukraine.
According to the British Foreign Office's website, £242 million is earmarked for 2024-2025 for immediate humanitarian, energy and stabilisation needs, as well as support for reform, recovery and reconstruction.
Lammy also announced his intention to provide $484 million in loan guarantees by the end of the year to strengthen Ukraine's economic stability and ensure the supply of military equipment. This will support vital public services, including keeping schools and hospitals open, paying civil servants and funding pensions.
A further £100 million will be spent on humanitarian needs to support the most vulnerable. This includes, for example, evacuation assistance, emergency response to Russian missile attacks across Ukraine and vital assistance to displaced people.
In addition, £20 million will be allocated to repair and protect the electricity grid and strengthen energy infrastructure.
40 million pounds will be used to finance stabilisation and early recovery, including assistance for the reintegration of the de-occupied territories and funding for the prosecution of war crimes.
Ukraine will receive its first investment from British International Investment (BII), the UK's development finance institution, as part of the G7-initiated Ukraine Investment Platform. This support is worth £30 million to facilitate trade in essential goods, including food, in Ukraine.
UK Defence Secretary John Healey reminded that hundreds of additional anti-aircraft missiles, tens of thousands of additional artillery rounds and more armoured vehicles are to be delivered to Ukraine by the end of the year.