The U.K. announced on June 24 that it will commit 290 million pounds ($382 million) in support to Ukraine, primarily to help with energy infrastructure and anti-corruption work, just ahead of the Ukraine Recovery Conference in Poland on June 25-26. <\/p>\n
The announcement also came hours after a new call<\/a> for 650 million euros ($740 million), the estimated cost of protecting Ukraine’s energy<\/a> infrastructure ahead of the winter, when Russia<\/a> is expected to lay siege to it again. <\/p>\n “Ukraine needs long-term support both to get through the conflict and to rebuild in the future,” U.K. Foreign Minister Yvette Cooper said.<\/p>\n “That is why at this year’s Ukraine Recovery Conference, we are announcing a multi-million-pound package to power Ukraine’s homes and critical infrastructure, back its businesses, and drive improvements in education and justice.”<\/p>\n The two main funding pledges are 65 million pounds ($85 million) to co-finance two new wind farms and extend loans to small and medium enterprises, and a 210 million-pound ($276 million) deal for the U.K.-based Urenco to provide nuclear fuel to Ukraine’s national power company Energoatom. <\/p>\n That latter pledge is not entirely new, having been unveiled<\/a> already the week before by outgoing U.K. Prime Minister Keir Starmer at the G7 Summit<\/a> in France. <\/p>\n The U.K. also intends to contribute to EU support initiatives for Ukraine, for example, the 13 million pound ($17 million) investment in the EU Flagship Fund, which aims to reach 500 million euros ($568 million) by the end of the year, and 2.4 million pounds ($3.2 million) for the EU’s Anti-Corruption Initiative.<\/p>\n","protected":false},"excerpt":{"rendered":"The U.K. announced on June 24 that it will commit 290 million pounds ($382 million) in support to…\n","protected":false},"author":2,"featured_media":656847,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[59,57,58,50,56,54,55],"class_list":["post-656846","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-gb","tag-great-britain","tag-greatbritain","tag-news","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/656846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=656846"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/656846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/656847"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=656846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=656846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=656846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}