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+--- Thread: Article London refuses solo move on Russian assets, backs off without EU (British brewing) (/thread-19429.html)
London refuses solo move on Russian assets, backs off without EU (British brewing) - C C - Dec 21, 2025
https://www.kyivpost.com/post/66650
INTRO: The UK has backed down from earlier pledges to tap frozen Russian funds to aid Ukraine, after similar plans in the EU faltered.
On Thursday, EU leaders agreed to provide Kyiv with a €90 billion ($105 billion) loan to cover its 2026-27 financing needs but stopped short of using frozen Russian assets via the planned reparations loan, which would have allowed repayment only if Russia compensated for war damages.
On Friday, UK officials said they would not tap into the £8 billion ($11 billion) frozen Russian assets in the UK to aid Ukraine as planned after similar plans stalled in the EU, according to the Financial Times (FT).
“We won’t move without international partners,” a government spokesperson said, adding that London would “continue to work closely with the G7 and EU on Ukraine financing.”
But Chancellor of the Exchequer Rachel Reeves has vowed “ironclad” support for Kyiv despite the backtracking, adding that London would work “urgently” to secure funding for Kyiv with partners.
The FT noted that London will advance $2 billion in World Bank guarantees to cover Ukraine’s immediate 2026 financing needs, alongside its ongoing £3 billion ($4 billion) annual military support.
The outlet, citing its earlier article, also reported legal concerns raised by the UK banks holding the assets regarding potential retaliation from Moscow... (MORE - details)
RE: London refuses solo move on Russian assets, backs off without EU (British brewing) - Syne - Dec 21, 2025
Sounds like they're all waiting for someone to lead.
RE: London refuses solo move on Russian assets, backs off without EU (British brewing) - stryder - Dec 22, 2025
(Dec 21, 2025 12:56 AM)Syne Wrote: Sounds like they're all waiting for someone to lead.
I don't think it's that. I think it's more about the commitment.
Paying all money up now to fund Ukraine would be problematic if "Peace" actually happened, although to be honest I don't think Peace is currently achievable with any the suggested methods put forwards. Russia intends to keep fighting until it's gets it's demands met and letting them get those demands would be ludicrous.
If the money/assets are continued to be held, it means a constant supply of funding to Ukraine to fight with. If its' burnt up in one go, then there would be no more should the fighting continue.
The only way any forms of "Lead" can be brought into it is either: Someone forces PEACE on Russia or Someone takes the fight to Russia. Everything else is just Turkey talk.
RE: London refuses solo move on Russian assets, backs off without EU (British brewing) - Syne - Dec 22, 2025
They can't have it both ways. Using peace as an excuse while doing everything they can to avoid peace.
The only "constant supply of funding" comes from your taxpayers, if it's not coming from frozen Russian funds. One doesn't effect the other.