The U.K. and Canada will join a European Union plan to tap a portion of the almost $300 billion in Russian central-bank assets held by Group of Seven nations, in an effort to ramp up their financial support to Ukraine.
European allies are nearing an agreement to provide loans through a mechanism that would avoid them having to seize the assets outright, according to Western officials, who described it as an important step in ensuring Ukraine¡¯s financial security.
The loans would help the country purchase weapons, including from the U.S., after President Donald Trump¡¯s administration decided to start charging for them. They¡¯d also aim to bolster Ukraine¡¯s wider economy.
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