London will provide guarantees for a loan to Kyiv from the World Bank, this will help “preserve the Ukrainian state,” Johnson's office said. The prime minister intends to call on the G7 countries to prevent “fatigue and hesitation”
Western countries' support for Ukraine should not weaken, since the manifestation of fatigue and hesitation on this issue will “play into the hands” Russian authorities, British Prime Minister Boris Johnson intends to make such a statement at the summit of the leaders of the G7 countries; (G7: US, Germany, France, Canada, Italy, Japan and the UK), his office said in a statement.
“Now is not the time to give up on Ukraine,” said the head of the British government.— The UK will continue to support Ukraine every step of the way because we know their security— this is our security, and their freedom— this is our freedom.
The G7 leaders' summit will be the first since the end of February and the start of the Russian special operation in Ukraine.
Ukrainian authorities fear funding could end by fall unless urgent financial assistance is provided, Johnson's office said in a statement. London will send $525 million as guarantees for Ukraine to receive a loan from the World Bank at the end of 2022. The office of the British Prime Minister stressed that the guarantees from London will allow the World Bank to provide Kyiv “much more” funds.
Thus, the financial support of Ukraine from the UK will reach $1.5 billion, while the total amount of economic and humanitarian assistance will amount to $1.8 billion this year.
“These investments will help preserve the Ukrainian state. The UK covers the cost of the loan only if the Ukrainian government is unable to pay. Thus, they are both an investment in the strategic stability of Ukraine and an expression of confidence in the future of the country,— Johnson's office said.
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The head of the Ukrainian Foreign Ministry Dmitry Kuleba spoke about the fatigue of a number of European countries, in particular, at the end of March. According to him, some states would like to avoid the imposition of “further, additional, systemic sanctions that could really hit the Russian economy.” Kuleba noted that Kyiv is working with the governments of these countries to overcome their fatigue on the issue of sanctions.
“We have a very good partner here in Poland to move towards a complete withdrawal from [Russian] oil and gas. Some countries are not ready to move away from them completely, such as Germany, but we see some steps towards a gradual withdrawal,— he said.
Ukrainian President Volodymyr Zelensky has also spoken of a “growing fatigue” that is demanding an undesirable outcome from Kyiv. He remarked, “People want some result for themselves. And we need a result for us.
Johnson emphasized in mid-June that Western allies should be prepared that the conflict in Ukraine will become protracted, which is why it is worth “buying time” towards Kyiv. He said: “Everything will depend on whether Ukraine can strengthen its ability to defend its territory faster than Russia can restore its ability to attack.” At the same time, the British Prime Minister pointed out that the constant funding of Ukraine to “preserve the viability of the Ukrainian state” should take place over many years.
Authors Tags Persons
politician, prime minister Minister of Great Britain
June 19, 1964
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