🔗 Share this article Britain Prepared to Employ Seized Russia's Assets to Finance Ukraine's Defense The United Kingdom is set to progress with employing the full worth of seized Russia's holdings to aid the Ukrainian military campaign, Prime Minister Sir Keir Starmer has declared. In a shared declaration, the leaders of the United Kingdom, the French Republic, and the Federal Republic of Germany emphasized that this unified step would escalate tension on Russian President Vladimir Putin and persuade Russia to engage in negotiations. They added that the initiative would be executed in tight collaboration with the US. UK sanctions have frozen in excess of £25bn of Russia's resources since Russia began its comprehensive attack against Ukraine in 2022. But, until now, funds allocated to the Ukrainian government using Russia's holdings had solely been sourced from gains and dividends accrued on them. Sir Keir informed Ukrainian President Volodymyr Zelensky that the UK, France, and Germany were united in their aim to drive progress toward utilizing the complete amount of the seized Russia's state assets to halt hostilities. He stated that more restrictions over the next period would apply more pressure on the Russian government. This announcement comes after European Union representatives gathered in the Danish capital last week to discuss using immobilized Russian holdings for a €140bn financial aid to the Ukrainian nation. Last month, President Donald Trump encouraged international partners to take or utilize seized Russia's holdings, based on reports. The worth of seized Russia's holdings in the EU is calculated to be almost €211bn. Leader Zelensky calls on Britain's Sir Keir Starmer to participate in the weapons procurement programme The Russian government carried out extensive missile and drone strikes throughout Ukraine on Friday, leading to power cuts in significant regions of Ukraine's capital, the city, and multiple additional areas. A pair of individuals were killed and at least 20 people were wounded in the assault, authorities in Ukraine reported. In a update on X after the attack, Zelensky commented that the cynical and calculated attack focused on non-military and power facilities. "What's needed is not mere statements but decisive action - from the America, Europe, and the seven nations - in supplying anti-aircraft weapons and applying penalties," he emphasized. "All penalty impositions undermines Moscow's military apparatus," Zelensky noted, in a additional update. In the same period, Zelensky told reporters he would press Sir Keir to enter the weapons procurement programme, under which Nato countries purchase arms from the US to give to the Ukrainian forces. While applauding the Britain's consistent assistance for Kyiv, he remarked it should indicate firmly that it would participate in the initiative, as well as apply additional restrictions on Russia. Large-Scale Assaults Disrupt Electricity in the Capital and Nationwide Ukraine War French Republic Federal Republic of Germany Russia Ukraine