UK set to enter talks to join the European Union's $105.9 billion Ukraine loan

Source: Reuters

May 3, 2026 5:31 PM EDT Updated 6 hours ago


LONDON, May 3 (Reuters) - Britain ​is set to enter talks to join the European Union's 78 billion ‌pound loan ($106 billion) to Ukraine, the government said on Sunday, in a further sign of deepening European defence ties under rising U.S. pressure.

Prime Minister Keir Starmer is expected on Monday to tell ​a summit in Armenia's capital Yerevan of the European Political Community - a discussion ​forum set up after Russia's invasion in 2022 - that Britain wants ⁠to work with the EU to support Ukraine in getting vital military equipment, his ​office said.

The loan, approved by the EU last month, is set to cover two-thirds of ​Ukraine's needs for the next two years, with the bulk of that amount earmarked for military spending as Kyiv defends itself against Russia's four-year war.

The extra funding could also unlock opportunities for British businesses ​to meet Ukraine's urgent needs, particularly in the defence sector, the government said ​in a statement.

Read more: https://www.reuters.com/world/uk/uk-set-enter-talks-join-european-unions-1059-billion-ukraine-loan-2026-05-03/