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News & Current Events Apr 16, 2026 at 7:49 PM

UK transfers about 1 billion dollars in frozen Russian assets to Ukraine

Posted by DramaMoonveil


UK contributes around $1 billion to Ukraine under G7 Russian asset-backed loan program
The Kyiv Independent
UK contributes around $1 billion to Ukraine under G7 Russian asset-backed loan program
The United Kingdom contributed 752 million pounds (around $1 billion) in frozen Russian assets to Ukraine under the Group of Seven’s Extraordinary Revenue Acceleration initiative, a loan program financed by profits generated from immobilized Russian assets.

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Melodic-Doubt7777 2 days ago +3579
Money is the only thing the billionaire/oligarchy class cares about. Congrats to the UK!!!
3579
bongohappypants 2 days ago +769
Untrue!! They also care about children. Maybe too much. Like, a LOT.
769
Somo_99 2 days ago +249
"care" is being a little too generous
249
muchawesomemyron 2 days ago +53
They care if there’s not enough being born. Watch the headlines shift from “why are millennials not having enough kids?” to “why are gen z not having enough kids?” in a few years.
53
dogfaced_pony_soulja 2 days ago +56
A few years? lol! [Fox News Analyst Says It's a 'Problem' That Teens Are Not Having Babies, Blames Young People for Declining Fertility Rate](https://people.com/fox-news-its-a-problem-that-teens-are-not-having-babies-11949524). That article is from People magazine… two days ago.
56
muchawesomemyron 2 days ago +25
I stand corrected. Also, what the frick?
25
recctyl 2 days ago +15
then again, its Fox. aka pure comedy.
15
xteve 2 days ago +14
It's also Christian. Control of the womb is pure church. And babies as the best recruits - that's Christian too.
14
ishtaria_ranix 2 days ago +6
Abrahamic in general.
6
bloomdecay 2 days ago +6
Anyone who thinks teenagers should be having babies belongs on several watchlists.
6
Zapp_Rowsdower_ 2 days ago +6
Ummm…Fox is already running with the ‘crisis’ of teens not having kids.
6
Stephen1729 1 day ago +2
But they don't care enough not to stop waging war on the living standards on the working and middle classes. There ia a perfect correlation between the decline of the middle class and the rise of the billionaire class. I do not think that is an accident
2
AnunnakiResetButton 2 days ago +28
they consume children
28
Lauma_2025 2 days ago +3
I feel bad for all the victims of Jimmy Savile. The monster died peacefully of old age.
3
RollingMeteors 2 days ago +3
>They also care about children. Maybe too much. Like, a LOT. ¿¡Is *all* the work around here done by children?! *¡Not the whipping!*
3
dan-the-daniel 2 days ago +22
We're calling them the Epstein class now.
22
Dear_Chasey_La1n 2 days ago +5
Power. Power you are looking for. They need power to get wealth, status and all that. Taking away their global power is what's needed. These fucks, every single one of them including their families need to lose access to the world by preventing them from traveling. A billion lost they earn tomorrow (literally). That doesn't hurt that's just annoying like a mosquito flying around.
5
Relevant_Tone4741 2 days ago +1649
Waiting for Trump to post some outrage over this unfair theft of Russian assets
1649
mikey2505 2 days ago +272
Maybe they'll threaten us with nukes...
272
Heisenberg_235 2 days ago +90
Where is Lavrov when you need him
90
noir_lord 2 days ago +17
Has been a while, we need to up our game.
17
schwanzweissfoto 2 days ago +4
Just send the next billion.
4
letir_ 2 days ago +6
Lavrov got a bit fall from grace, but he is not fallen out of the window yet. Most of his ramblings are for internal auditory.
6
BoringRedHorse 2 days ago +3
We haven't heard from him in a while.
3
kdiggydigg 2 days ago +2
He's probably passed out or, at the very least, blacked out
2
truupe 2 days ago +10
Once Medvedev chugs a couple bottles of vodka, he'll chime in with his usual drunken threats.
10
Green_Dream20 2 days ago +2
They don't need to. They will threaten us with having to repay the money. Any peace agreement with Russia is going to cover what happens to that money. Trump will sign a document giving it back to his best mate Putin. This is what Belgium was afraid of about 6 months ago and no other EU country offered to back then up and guarantee the money should they give it to Ukraine.
2
SwimmingThroughHoney 2 days ago +70
THE MEAN ENGLAND JUST GAVE AWAY MONEY THAT BELONGS TO THE GREAT AND VERY NICE LEADER OF RUSSIA! TOTALLY UNFAIR!
70
FlyingHippoM 2 days ago +13
THANK YOU FOR YOUR ATTENTION TO THIS MATTER
13
schwanzweissfoto 2 days ago +9
*Perfidious Albion* using its powers of *sudden and inevitable betrayal* for good once in a while.
9
jrr6415sun 2 days ago +6
england is so weak on crime
6
InvisaBlah 2 days ago +57
I’d like to recommend that the next Russian asset we send to Ukraine is trump himself, but they don’t deserve that
57
Kona_KG 2 days ago +7
Considering how apathetic the US admin. is toward actual crises and how fast news expires over here, we'd probably threaten to reenact the battle of Trafalger for a week before moving on. In other words, please do. In all honestly, we might not even notice at this point
7
Kichigai 2 days ago +4
Depends. If we send Trump, alone, no phone, no entourage, no protective detail, just a lone man with a large print English/Ukrainian phrase book, and give him to Zelenskyy to choose what kind of experience he has, under constant threat of Russian bombardment, that would feel appropriate. Does Zelenskyy give him the perspective of his own experience, as a head of state abandoned by the United States and their security promises after 1991 (a near-peer experience)? Or does he turn Trump loose into the public teniments of Kyiv, and the struggle for warmth and survival amid Russian attacks in the most well defended area of Ukraine (an experience he has condemned average Ukrainians to)? That seems fair. And karmic.
4
willstr1 1 day ago +2
He is heavy enough to cause some serious damage to a Russian tank if you dropped him from high enough
2
Whywouldanyonedothat 2 days ago +5
As he rightly should! Being a Russian asset himself, he's probably scared, he'll be stolen, too
5
Worried-Pomelo3351 2 days ago +2
Putin is going to be so pissed. This is great.
2
Moveyourbloominass 2 days ago +693
Transfer it all.
693
Master_Positive_2772 2 days ago +393
I think in a lot of cases the money is funds generated through interest on frozen Russian assets. It's assumed to be better that way because that puts off the legal question of appropriating assets rather than freezing them for another time, assuming it'll be after reparations are decided many years from now.
393
Cookie_Eater108 2 days ago +363
It's also quite strategic. Ukraine is no beginner at this. Much of the funds that are sent their way will be directed right back to the nation that helped them through arms purchases- so it would not surprise me if the UK sees a 1 Billion dollar arms purchasing order coming in the near future. The people of the UK get a large manufacturing boost, Ukraine receives weapons- it costs nothing to the UK government itself. The only loser in this arrangement is Russia.
363
Kichigai 2 days ago +40
>Much of the funds that are sent their way will be directed right back to the nation that helped them through arms purchases Ukraine also isn't stupid or beholden to stupid people. Starmer I would hope isn't so petty as to punish Ukraine for buying arms from the most cost effective source. If they can get a better deal out of Sweden for the Gripen versus the EuroFighter, I don't think Starmer is going to be a vindictive SOB.
40
snuff3r 2 days ago +46
I don't think EU or The UK give a c*** where the money goes - I'd imagine they trust Ukraine wholeheartedly. Ukraine has a lot of good friends now. With the conflict being in the UKs backyard, all money they send is considered an investment in their own safety, and Ukraine has been very smart with the funds they have access to. Im on the other side of the world (Australia), but I really wish we had stronger strategic links to EU/UK than the US. Despite changing/transitioning slowly and carefully, we're definitely replacing strategic resource arrangements with the US with better arrangements with more trustworthy partners, locally and with EU.
46
bongohappypants 2 days ago +22
Does Ukraine really need Tactical Morgan 3 Wheelers?
22
StaysAwakeAllWeek 2 days ago +55
We are manufacturing and sending 120,000 drones to Ukraine this year. That's more than the US military is currently procuring total.
55
Master_Positive_2772 2 days ago +66
We produce naval, recon, logistics, strike and fpv drones. All of which we provide to Ukraine. We've also given them all of the stuff which would now be redundant in a future war. 
66
lemlurker 2 days ago +30
The UK has a pretty killer high tech defense industry... Unlike the us which throws money and numbers at the problem the UK has pulled some really excellent engineering from pretty tight finances
30
Hail-Hydrate 2 days ago +13
Never underestimate the ingenuity of three blokes in a shed.
13
eric67 2 days ago +22
It also means the leverage is maintained. It's held hostage. Spending the principle is like killing the hostage
22
Lexinoz 2 days ago +18
You are correct, last I heard, it is primarily interest of frozen assets, not the actual assets, for the reasons you stated.
18
SmoothStrawberry7777 2 days ago +8
1 billion in interest?!? So they must have tens or hundreds of billion in Russian assets frozen to generate that much interest?
8
bbbbbbbbbblah 2 days ago +11
the capital city is not derisively called "londongrad" for nothing. Lots of oligarchs have/had a presence here. The banks were only too willing to assist in helping park their assets outside of Russia.
11
noggin-scratcher 2 days ago +3
https://en.wikipedia.org/wiki/Confiscation_of_Russian_central_bank_funds mentions a figure of £25 billion ($33.5 billion) frozen in the UK. Significantly more held in the EU though.
3
letruf 2 days ago +2
>Since Russia's full-scale [invasion](https://kyivindependent.com/tag/war/) in 2022, G7 countries have frozen approximately $300 billion in Russian sovereign assets. \- says the article we are commenting on.
2
Galaghan 2 days ago +2
Like what they do with the Euroclear money, indeed.
2
Fellowship_9 2 days ago +31
In addition to what other people have said: transferring everything now means there is one less bargaining chip. At the moment the oligarchs will be looking at their frozen assets and trying to decide how to get them released. Once the assets are handed fo Ukraine, they have nothing to hope for, and less to gain by pushing for the war to end.
31
nolok 2 days ago +8
We're doing something very specific (I use the global we here, european countries doing that). We want to remain a safe place to invest, and not establish a precedent that if you do a war not directly against us but we disagree with, rule of law will still be followed. It's a big part of why europe is considered reliable and loyal. So we don't touch the frozen assets at date of seizure. Maybe they can be used in case of a peace agreement for reparations or whatever, or maybe as incentive for Russia to agree to terms, or whatever. But we use the interests generated, because the fund generated since seizure are considered differently by law. Might seem inefficient, slow, weak, whatever, the point is it's also one of our greatest strenght on the world stage : we can be trusted. The world need more of that, frankly.
8
anders_hansson 2 days ago +2
For reference, the article says: >The assistance is part of the Group of Seven's (G7) ERA initiative, a 50 billion dollar loan program that uses **profits from frozen Russian sovereign assets** to finance Ukraine and repay the loans. Using profits from the frozen assets is what the EU/Belgium has done for years. I also don't think that the $50B figure is random. The projected need for Ukraine (according to the EU, Ukraine and IMF) for 2026-2027 was ~€140B IIRC (under the assumption that the war ends in 2026). The loan that the EU ended up agreeing on was €90B, which means that it fell short by €50B, which is likely where the G7 efforts (including UK) come in. 90+50=140
2
Pickledpickler29 2 days ago +487
UK has led in the coalition of the willing. As much as people can ridicule starmer, he’s done well regarding Ukraine. SLAVA Ukraine 🇺🇦
487
Soft_Author2593 2 days ago +143
even Boris did tbf
143
Lexinoz 2 days ago +79
It's not hard to see the writing on the walls, reading that Russia winning in this war is bad for *everyone*.
79
Pickledpickler29 2 days ago +16
It’s a good thing “Russia is winning” ain’t wrote often as they ain’t.
16
hornswoggled111 2 days ago +10
Including Russia. The best outcome for them is a big rethink.
10
ThreeHeadedWalrus 2 days ago +6
Boris campaigned fiercely for brexit, lying to the population and encouraging the collapse of the EU, just like putin wants, f*** the mop head c***
6
Soft_Author2593 2 days ago +2
That's why I was a bit surprised when he went hard against them...
2
schwanzweissfoto 2 days ago +10
*Even evil has standards.*
10
JustGoogleItHeSaid 2 days ago +8
Go Ukraine! 🇺🇦 ❤️
8
OverFjell 2 days ago +7
Starmer's domestic messaging may not be the best, but on a world stage, he does us proud imo.
7
Partysausage 2 days ago +2
I'm from the UK and right leaning, I always try and view all decisions from a neutral standpoint and remove my own bias when deciding if government decisions are a good or bad thing. Iv got to say the only consistent positive is his support of Ukraine. The rest of his policy's and decisions have been pretty shit though !
2
Remarkable_Doubt6665 2 days ago +183
Big hug for UK!
183
NynaeveTugdHerBraid 2 days ago +22
Big, fat hug?
22
Hudsxn98 2 days ago +9
Ayyyyy underrated
9
The__Scan 2 days ago +19
We did something good for once? Awesome! Almost missed that. Hugs back, also Putin can f*** straight off.
19
Safe-Heat1644 2 days ago +221
noice
221
omfgeometry 2 days ago +95
Can't wait for some nuclear threats in the morning
95
UnTides 2 days ago +54
Hegseth "A Royale with cheese"
54
TechSculpt 2 days ago +26
Say strait again m***********, I dare you
26
GayMormonPirate 2 days ago +9
Oh god, I'm laughing but dying of existential 2nd hand embarrassment that the head of the US DoD is this stupid.
9
Heavy_Ad4529 2 days ago +2
Ah, Pete "Let's Larp" Hegseth
2
miscfiles 2 days ago +2
A dis-Loyale with Sleaze
2
parsuval 2 days ago +7
They've already threatened four of our cities.https://www.businesstoday.in/world/story/sleep-well-europe-russia-threatens-uk-sites-with-potential-strikes-over-ukraine-support-526009-2026-04-16
7
Maeran 2 days ago +3
If we don't get a nuclear threat we aren't pissing them off enough
3
miscfiles 2 days ago +2
If Reading is one of them, they'll just be honoured to be counted as a city. For decades, the UK's largest town has wished for this!
2
Ritaredditonce 2 days ago +10
That's if they can rouse Medvedev from his drunken stupor.
10
AxiosXiphos 2 days ago +71
Our support of Ukraine is one of the few things I remain patriotic about.
71
GlassjawXVIII 2 days ago +2
Absolutely!
2
MaximDecimus 2 days ago +45
Russia is unbelievably stupid. You don’t put your war chest in a different country, take hostile actions against that country, and then expect them to not take it.
45
grchelp2018 2 days ago +13
Putin has been telling his oligarchs to take their money out of the west for a long time. Putin wants that money in russia so he can touch it. So Putin might be pissed that Ukraine is getting money for the war but he is happy that the oligarchs are paying the price for not listening to him.
13
FlyingHippoM 2 days ago +29
Well, in fairness, they can't keep it in Russia because it would get ~~stolen~~ missapropriated.
29
Famous_Cod_6190 2 days ago +5
the fact that only one country does this after years of war speeks volumes. We should have done that on a large scale as soon as the first sanctions didn't show any effect.
5
Gbrown546 2 days ago +39
The thing that unites the UK politically is our disdain for Russia (specifically Putin and his cronies). They committed a nerve agent attack in our country that led to the death of a British citizen and nearly killed others. Also committed a radioactive attack that killed somebody too on British soil. Ukraine will always get our support.
39
sblahful 2 days ago +25
Except for Farage and Reform, who repeated all of Russia's talking points in an interview with Laura Kurnesburg just before the last general election in order to get the Russian bots on side.
25
LightDrago 2 days ago +3
Meanwhile, I get the impression that my fellow citizens in the Netherlands are dragging their feet, with a decent number of people being against spending any money on the Ukraine-Russia war, seemingly completely forgetting that [Russia shot down an airplane](https://en.wikipedia.org/wiki/Malaysia_Airlines_Flight_17) with almost 200 Dutch citizens.
3
BaitmasterG 2 days ago +30
We already live rent-free in Putin's head, hopefully this will wind him up a little bit more F*** you Russia
30
jsnxander 2 days ago +34
LOL! Now they should do the same for Trump family assets.
34
Accomplished_Big7413 2 days ago +6
Making them pay for the defense against their own invasion. This is the exact precedent the rest of Europe needs to follow immediately.
6
jeobleo 2 days ago +7
Excellent. Now crack down on all the real estate in london owned by oligarchs.
7
AdventurousLet548 2 days ago +25
Vance will be pissed since he is on Putin’s side.
25
dourdourdour 2 days ago +13
So that is why the press are after Starmer again. Keep it up Starmer. F*** em.
13
AquariusCamus 2 days ago +28
Thank you so much UK 🇬🇧
28
Spare_Ad7081 2 days ago +6
UK sending a billion in interest from frozen Russian assets to Ukraine. Smart move using the profits without touching the principal. Russia is not going to like this one bit.
6
highdiver_2000 2 days ago +2
Just think of the size of principal sum.
2
Shoggahn 2 days ago +17
Glorious UK
17
Aretirednurse81 2 days ago +17
Wonderful news.
17
parker1019 2 days ago +19
Get fucked putin
19
imjustsurfin 2 days ago +10
Go Starmer!!! Well done!!!
10
Debt101 2 days ago +13
Proud to be British right now
13
OverFjell 2 days ago +4
Almost a weird feeling enit
4
PrestigiousVolume821 2 days ago +5
if true this is fantastic news
5
Forward_Aspect_7736 1 day ago +6
Just when you are feeling down, and listnook post like this appears lets go Ukraine
6
badger707_XXL 2 days ago +13
Thanks fantastic Brits!
13
100farts 2 days ago +8
Slava Ukraini! F*** yea!
8
K-tel 2 days ago +9
This is the way! Making Putey pay for his war has got to annoy the hell out of him.
9
poestavern 2 days ago +8
Thank you UK. You’re doing the right thing.
8
ynys_red 2 days ago +4
Nice one. Back Ukraine. Back the right horse.
4
ukuleles1337 2 days ago +4
Thats fuckin amazing hahahaha! F*** you, russia!!!
4
Gone2georgia 2 days ago +4
Well done UK.
4
Reddit_2_2024 2 days ago +3
Thank you United Kingdom!
3
filletofishupsai 2 days ago +3
More, please! But amazing work from the UK!!
3
deran6ed 2 days ago +4
Amazing
4
Any-Programmer6702 2 days ago +4
Big move by the UK. 1 billion dollars is a massive boost for Ukraine's defense at a critical time. Every bit counts!
4
Ok_Professi 2 days ago +8
♥️♥️♥️♥️♥️♥️♥️♥️♥️
8
angrytroll123 2 days ago +7
I've gladly contributed the 6000th upvote. Great news.
7
Master-Data-8765 2 days ago +6
Noo, the integrity of banks not to f*** with your money. But good for Ukraine 🇺🇦
6
Only_Beautiful_9698 2 days ago +6
Excellent 👍
6
RoyalGovernment3034 2 days ago +3
Fabulous
3
Entire_Dog_5874 2 days ago +3
Wonderful news.
3
thirteennineteen 2 days ago +3
Now that’s what I’m talmbaud!! Literally confiscate the money and redistribute it. It’s fairly straightforward.
3
ThatShadyJack 2 days ago +3
Suck eggs Putin you fascist
3
Fit-Significance-436 2 days ago +3
Tremendous news
3
1800-5-PP-DOO-DOO 2 days ago +3
Checkmate scumbags. 
3
General-Researcher-2 2 days ago +3
Stop lying in every news report about Russian assets. They are frozen and have not been transferred to anyone. This is about the interest, not the assets themselves. It’s the same story every time.
3
VanGrants 2 days ago +5
LETS F****** GO, THIS IS JUST A START
5
haversack77 2 days ago +10
Excellent work Starmer. Now go and give Putin a bloody nose, Ukraine.
10
Remarkable_Beach_545 2 days ago +3
Is this profits from the assets, or the assets themselves?
3
Summer_VonSturm 2 days ago +5
It'll be the profits.
5
SwedishBoiKneeAttack 2 days ago +4
God save the king! Thank you UK!
4
rumoku 2 days ago +7
That’s not new initiative, and just latest tranche. G7 essentially sending profit from frozen Russian assets to Ukraine.
7
Trianle 2 days ago +2
Thank you!
2
trolley_trackz 2 days ago +2
No cards ukraine all the sudden has a jack and a 4. It could work!
2
Single-Wrangler3540 2 days ago +2
Tally Hoe
2
ZR-71 2 days ago +2
1 billion sounds like it could purchase a few drones and kill a few russian boys. good job, world.
2
beast_within_me 2 days ago +2
Is this the money that UK froze after the sale of Chelsea FC?
2
Barbu-Genial 2 days ago +2
Excellente idée, espérons que ce n'est que le début.
2
iAmMr_WHO 2 days ago +2
Awesome
2
That70s_Scrubs 2 days ago +2
Wow that’s big news
2
Ready_Mycologist8612 2 days ago +2
🤌🏼🤌🏼🤌🏼🤌🏼🤘🏼🤘🏼🤘🏼🤘🏼💪🏼💪🏼💪🏼💪🏼
2
s3ct01d 2 days ago +2
Great news! Go UK!
2
FrozenChocoProduce 2 days ago +8
Russian: Don't you dare steal our money! UK: Staring in his eyes, calmly giving his enemy the money. "Nice day chap, i'nnit?"
8
xflashbackxbrd 2 days ago +4
Eu gonna do the same imminently
4
BadFootyTakes 2 days ago +2
Next transfer Abramovich's money.
2
PourSomeSugar69_420 2 days ago +3
NOYCE. this is f****** great news.
3
The_Last_Bohican 2 days ago +6
All of Russia’s frozen assets should be given to Ukraine. We all know this war is illegal and Russia has to pay.
6
-4Q- 2 days ago +7
For once, my country is doing the right thing. I don't care too much about the missteps that get all the coverage, it's predictable that the good things Labour have done are not reported fairly by our biased media, but I'm proud that my Labour government are supporting Ukraine and telling tRump to go f*** himself both here and with regard to his war crimes in Iran.
7
needlestack 2 days ago +5
This is the way to do it. You want to invade a non-belligerent country? The world must make you pay for it. Literally.
5
unitedbsd 2 days ago +5
Good step in De-dollarization.
5
Koalateka 2 days ago +5
I don't get all the praise I see in this post. No country is going to trust the Dollar system anymore. This is a big step for the Brics taking over.
5
grammar_fozzie 2 days ago +2
More, please. Then focus on our billionaires and send that money to health insurance subsidies.
2
Numerous-Ad6460 2 days ago +2
Should've been done within the first year. And it shoul be ALL of the frozen assets.
2
FlaminBollocks 2 days ago +2
This is the way
2
New-History7971 2 days ago +2
Oh, yeah ! F*** ruzzia! Slava Ucraina!
2
PaleontologistNo7385 2 days ago +1
YES!!!!!!!
1
BrittEklandsStuntBum 2 days ago +1
Sometimes we still do things right.
1
DatabaseMaterial0 2 days ago +1
Hope something similar happens with the money the administration has pocketed through their corruption and cronyism.
1
yourmothersgun 2 days ago +1
Do me next!
1
Even-Buffalo-7179 2 days ago +1
There are 300 billion assets that are left, and I’m not entirely sure if these are profits from frozen assets, or the actual assets themselves
1
smileola 2 days ago +1
Loool land vs money
1
HussingtonHat 2 days ago +1
"We shall bomb here, here and here!" "Cool. Hey guys, you want this dudes boat?"
1
UrsaMajor7th 2 days ago +1
Pre-reparations.
1
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