UK injects $100m into Ukraine’s economy as Canadian and Dutch Prime Ministers are welcomed to Downing Street

  • Today the Prime Minister will welcome Canadian Prime Minister Trudeau and Dutch Prime Minister Rutte to Downing Street
  • The leaders will visit the RAF base to meet members of the British Armed Forces before holding a joint press conference
  • Comes as the UK pledges an additional $100m to help the people of Ukraine
  • Builds on recent UK support of £220m package aid to Ukraine

Today, the Prime Minister begins a week of focused engagement with world leaders to mobilize global outcry over the atrocities of Russian aggression into practical and sustained support for Ukraine.

On Monday, he will work with leaders from Canada and the Netherlands to continue to champion the international response for Ukraine. They will also visit an RAF base to meet members of the British Armed Forces.

The three prime ministers will meet for separate bilateral meetings and a joint trilateral meeting. There will also be a joint press conference in the Downing Street Briefing Room.

It comes as the UK allocates an additional $100 million directly to the Ukrainian government’s budget to ease financial pressures created by Russia’s unprovoked and illegal invasion.

This grant could be used to support public sector wages, allowing essential state functions to continue to operate, as well as supporting social safety nets and pensions for the Ukrainian people. The grant will be provided through the World Bank.

Prime Minister Boris Johnson said:

Since Russia’s unlawful and brutal aggression, we have seen the world stand proudly in solidarity with the indomitable people of Ukraine.

British aid is already reaching those most in need, providing essential supplies and medical support.

While only Putin can completely end the suffering in Ukraine, the new funding announced today will continue to help those facing the deteriorating humanitarian situation.

The new UK funding of $100m announced today comes on top of training 22,000 UK troops, supplying 2,000 anti-tank missiles, providing £100m for economic reform and the energy independence, and to the provision of £120 million in humanitarian aid, including £25 million to match funding for the Disaster Emergency Committee (DEC) appeal.

This follows our offer to guarantee up to $500 million in funding from the Multilateral Development Bank. This will release additional funds to support the Ukrainian economy.

The UK is demonstrating that support through a World Bank multi-donor trust fund set up this week to support the Ukrainian government.

The government urges other donors to pool their resources into this trust fund to ensure effective and timely support to the government and people of Ukraine.

Christi C. Elwood