🔗 Share this article The United Kingdom Ready to Utilize Frozen Russia's Assets to Fund Ukraine's War Effort The British government is prepared to move forward with utilizing the total value of seized Russian funds to bolster the Ukrainian military campaign, PM Sir Keir Starmer has stated. In a joint statement, the officials of the UK, France, and the Federal Republic of Germany stated that this joint measure would increase strain on Moscow's head Vladimir Putin and compel Moscow to come to the table. They clarified that the initiative would be executed in close cooperation with the America. United Kingdom penalties have frozen more than £25bn of Russia's assets since Russia initiated its widespread offensive against the Ukrainian nation in 2022. However, until now, money provided to Ukraine using Russian assets had solely been drawn from profits and interest earned on them. Sir Keir told President Volodymyr Zelensky that the UK, the French Republic, and the Federal Republic of Germany were aligned in their desire to advance efforts toward using the total worth of the seized Russian sovereign holdings to end the war. He stated that further measures in the coming days and weeks would increase the strain on the Russian government. This announcement comes after European representatives convened in the Danish capital last week to discuss utilizing seized Russian assets for a €140bn financial aid to Ukraine. Recently, American leader Donald Trump encouraged international partners to take or utilize immobilized Russia's holdings, based on media sources. The total of seized Russia's holdings in the EU is estimated to be approximately €211bn. President Zelensky encourages UK's Sir Keir Starmer to take part in the weapons procurement initiative Moscow carried out widespread aerial attacks all over the Ukrainian territory on recently, resulting in power cuts in large parts of Ukraine's capital, the city, and eight other regions. Two people were killed and at least 20 people were wounded in the assault, the Ukrainian government stated. In a update on an online platform subsequent to the attack, Zelensky stated that the premeditated assault focused on civilian and energy infrastructure. "The necessity is not mere statements but concrete steps - from the US, EU, and the G7 - in delivering defense mechanisms and applying sanctions," he emphasized. "Each restrictive measure undermines Moscow's military apparatus," Zelensky noted, in a different message. In the same period, Zelensky informed media outlets he would press Sir Keir to join the Purl scheme, under which alliance members buy weapons from the United States to donate to Ukraine. While applauding the United Kingdom's firm backing for Ukraine, he noted it should send a clear signal that it would participate in the program, as well as enforce additional sanctions on Moscow. Large-Scale Assaults Cause Outages in Kyiv and Nationwide Ukraine War French Republic Federal Republic of Germany Russian Federation Ukrainian Nation