Sat. May 28th, 2022

The UK and the EU have pledged more financial support to help Ukraine defend itself against Russia’s invasion and rebuild after the conflict, as British Prime Minister Boris Johnson met Volodymyr Zelensky in Kyiv.

On a previously unannounced visit to the Ukrainian capital on Saturday, Johnson said Zelensky had achieved “the greatest feat of arms of the 21st century” in resisting Russian forces and praised Ukraine for “defying the odds”.

He said the UK would send Ukraine 120 armored vehicles, anti-ship missile systems and provide further economic support.

Ukraine’s defense ministry welcomed Johnson’s visit, saying in a tweet that he was “the first G7 leader to arrive in Ukraine since the beginning of the large-scale war”.

The trip and announcement came days after the Ukrainian president pleaded with the international community to provide more military supplies and to impose tighter sanctions on Russia as his foreign minister said he had one demand from NATO: “Weapons, weapons and weapons.”

Ukraine’s military has warned that Russian troops are regrouping and preparing an offensive in the eastern Donbas region, aimed at seizing territory in the two administrative regions that separatists have partially occupied since a Moscow-backed uprising in 2014.

Ukraine’s authorities have urged civilians in the Donbas region and around the city of Kharkiv to evacuate.

Speaking in Kyiv, which was almost surrounded by Russian troops just weeks ago, Johnson said: “We are stepping up our own military and economic support and convening a global alliance to bring this tragedy to an end, and ensure Ukraine survives and thrives as a free and sovereign nation. ”

The UK would more than double its loan guarantee to Ukraine through the World Bank to $ 1bn, subject to parliamentary approval, and liberalize tariffs on the vast majority of goods from the country and ease customs checks, Johnson said.

The support is in addition to the £ 100mn of military equipment announced by the UK on Friday, including anti-aircraft and anti-tank missiles, body armor and helmets for Ukrainian forces.

Meanwhile, the European Commission pledged € 1bn to a € 9.1bn fund to support Ukraine and other states hosting refugees from the war.

The additional financial support from Brussels is part of an international fundraising effort that has attracted € 4.1bn in contributions from governments, companies and individuals, and € 5bn in loans and grants from European public financial institutions.

The commission said it would provide € 600mn to support internally displaced people in Ukraine, and € 400mn to frontline states hosting Ukrainian refugees.

“And more will come,” Ursula von der Leyen, commission president, said. “Once the bombs have stopped falling, we will help the people of Ukraine rebuild their country.”

Nearly 4.5mn people have fled Ukraine since the conflict started, according to the UN High Commissioner for Refugees, of which more than 2.5mn are in Poland. A further 7.1mn have been internally displaced.

On Friday, the IMF announced that it had opened an account to channel funds from donors to Ukraine, as nations opposed to Russia’s invasion seek to exert further pressure on Moscow.

The account will receive grants and loans “aimed at assisting Ukraine to meet its balance of payments and budgetary needs and help stabilize its economy”, the IMF said.

Source link

By admin

Leave a Reply

Your email address will not be published.