🔗 Share this article Britain Set to Employ Seized Russian Funds to Fund the Ukrainian Military Campaign The UK is ready to advance with utilizing the total value of frozen Russian funds to bolster the Ukrainian military campaign, Prime Minister Sir Keir Starmer has announced. In a joint statement, the officials of the United Kingdom, France, and Germany emphasized that this coordinated action would escalate tension on Moscow's head Vladimir Putin and persuade Moscow to participate in talks. They added that the move would be implemented in tight collaboration with the US. UK penalties have frozen in excess of £25bn of Russian funds since Russia began its comprehensive attack against Ukraine in 2022. Yet, up to this point, money provided to the Ukrainian government using Russia's funds had only been drawn from profits and interest generated on them. Sir Keir informed Ukrainian President Volodymyr Zelensky that the UK, France, and the Federal Republic of Germany were aligned in their goal to drive progress toward using the total worth of the seized Russia's state funds to halt hostilities. He stated that more restrictions in the coming days and weeks would increase the strain on the Russian government. This statement is subsequent to EU leaders met in the Danish capital recently to discuss using frozen Russian assets for a €140bn loan to the Ukrainian nation. Last month, President Donald Trump called on Group of Seven partners to confiscate or employ immobilized Russian holdings, according to media sources. The total of immobilized Russia's assets in the Europe is assessed to be nearly €211bn. Leader Zelensky urges Britain's Sir Keir Starmer to join the PURL program Moscow executed widespread missile and drone strikes throughout Ukraine on Friday, causing electricity outages in large parts of the capital city, the city, and several other zones. Two people were lost their lives and no fewer than 20 people were injured in the attack, authorities in Ukraine said. In a update on an online platform subsequent to the strike, Zelensky wrote that the cynical and calculated attack targeted non-military and power facilities. "What's needed is not empty words but concrete steps - from the United States, Europe, and the G7 - in supplying defense mechanisms and enforcing restrictions," he emphasized. "Each restrictive measure undermines Moscow's military apparatus," Zelensky wrote, in a additional update. Additionally that day, Zelensky informed the press he would encourage Sir Keir to participate in the weapons procurement program, under which Nato countries acquire arms from the America to provide to the Ukrainian forces. While commending the Britain's strong support for the Ukrainian government, he remarked it should send a clear signal that it would take part in the system, as well as apply additional restrictions on Russia. Significant Attacks Cut Power in Kyiv and Throughout the Nation Conflict in Ukraine French Republic Germany Russia Ukraine