Copyright © 2024

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

UK foreign secretary urges use of $350 bn frozen Russian assets for Ukraine’s reconstruction

President of Ukraine Volodymyr Zelenskyy during a meeting with David Cameron, the newly appointed Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom of Great Britain and Northern Ireland, on 16 November, 2023, in Kyiv. Source:
UK foreign secretary urges use of $350 bn frozen Russian assets for Ukraine’s reconstruction

UK Foreign Secretary David Cameron said there is a strong argument for seizing frozen Russian assets worth nearly $350 billion and using them to rebuild Ukraine, during a visit to the US.

The official explained that the funds could be used as a downpayment on reparations “Russia will one day have to pay for the illegal invasion that they’ve undertaken.”

The UK foreign secretary also urged US policymakers to approve a new package of military aid for Ukraine after Congress blocked a $110 billion package of wartime funding for Ukraine and Israel.

“We should pass this money to the Ukrainians,” he said.

“We should back them and make sure it’s Putin that loses because if that money doesn’t get voted through, there are only two people that will be smiling: one of them is Vladimir Putin in Russia and the other one is Xi Jinping in Beijing,” he said during his visit.

On 16 November, Ukrainian President Volodymyr Zelenskyy and David Cameron met in Kyiv to discuss an alternative “grain corridor,” the Euro-Atlantic integration of Ukraine, and the Ukrainian Peace Formula.

Zelenskyy, Cameron discuss military assistance, grain corridors in Kyiv

The foreign secretary assured the Ukrainian president that the UK would continue to stand with the Ukrainian people as they resist Putin’s illegal invasion.

Read also:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here

    Will the West continue to support Ukraine?
    • Know what moves the world.
    • Stay informed with Kompreno.
    • Get quality journalism from across Europe.
    Special discount
    for Euromaidan Press readers
    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts