🔗 Share this article UK Set to Use Seized Russian Assets to Finance the Ukrainian War Effort The UK is prepared to move forward with using the total value of frozen Russian holdings to aid the Ukrainian war effort, Prime Minister Sir Keir Starmer has declared. In a joint statement, the officials of the Britain, the French Republic, and the Federal Republic of Germany stated that this unified step would increase strain on Moscow's head Vladimir Putin and urge the Russian Federation to come to the table. They clarified that the decision would be carried out in close cooperation with the America. United Kingdom penalties have frozen in excess of £25bn of Russian resources since Russia began its widespread offensive against the Ukrainian nation in 2022. However, until now, money sent to Ukraine using Russian assets had only been taken from profits and interest generated on them. Sir Keir told Ukraine's leader Volodymyr Zelensky that the United Kingdom, the French Republic, and Germany were united in their aim to drive progress toward employing the complete amount of the immobilized Russian sovereign assets to halt hostilities. He added that additional sanctions over the next period would apply more pressure on Russia. This declaration comes after EU representatives convened in Copenhagen previously to consider using seized Russian assets for a €140bn financial aid to the Ukrainian nation. Recently, President Donald Trump urged G7 allies to seize or employ seized Russian holdings, as reported by news outlets. The total of seized Russia's funds in the European Union is estimated to be almost €211bn. Leader Zelensky urges UK's Sir Keir Starmer to join the Purl programme Moscow carried out widespread bombardments across Ukraine on Friday, causing blackouts in large parts of Ukraine's capital, the city, and several other zones. Several persons were lost their lives and at least 20 people were injured in the assault, authorities in Ukraine stated. In a post on X subsequent to the attack, Zelensky stated that the strategic strike aimed at public and utility structures. "The necessity is not mere statements but decisive action - from the United States, the European Union, and the G7 - in delivering air defence systems and implementing penalties," he emphasized. "Each restrictive measure weakens the Russian war effort," Zelensky declared, in a different message. In the same period, Zelensky told the press he would urge Sir Keir to join the weapons procurement scheme, under which alliance members purchase arms from the America to provide to Ukraine. While commending the Britain's strong support for Ukraine, he said it should indicate firmly that it would engage in the initiative, as well as apply further sanctions on Moscow. Large-Scale Assaults Cause Outages in Kyiv and Nationwide Conflict in Ukraine France Federal Republic of Germany Russia Ukraine