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DEFENCE
- Ukraine
Ukraine to receive £1.7bn loan from Great Britain for Navy-UNIAN.UA

(Read the full article on UNIAN.UA)

Ukraine will receive a £ 1.7bn loan from the UK for the development of the Navy .

On November 12, in London, Ambassador of Ukraine to the United Kingdom Vadym Prystaiko signed a Ukrainian-British framework agreement on behalf of the Cabinet of Ministers, which provides for the construction of eight missile boats, the purchase of two minesweepers from the United Kingdom and the establishment of two naval bases in Belarus. ZN.UA .

This is a loan of 1.7 billion pounds, which will be provided to Ukraine by the United Kingdom for 10 years.

It is recalled that agreements between Ukraine and Britain on the development and strengthening of the Navy were reached a year ago.

During last year’s visit of President Volodymyr Zelensky to the United Kingdom, a memorandum was signed on strengthening cooperation between Ukraine and the United Kingdom in the military and military-technical spheres.

The memorandum provided for the attraction of funding from the British Export Credit Agency (UKEF) in the amount of 1.25 billion pounds.

A memorandum on the implementation of a maritime partnership project between a British industry consortium and the Ukrainian Navy was signed in Odessa this summer.

 

Nov 15, 2021

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