British firms could get more opportunities to supply defence equipment to Kyiv if agreement can be reached
The UK could reap greater benefits from a €90bn (£78bn) EU loan for Ukraine, if it agrees to help pay the cost of borrowing, after European countries signed off long-awaited financial aid for Kyiv.
British firms could have greater opportunities to supply defence equipment to Ukraine funded by the loan, if the government agrees a “fair” contribution towards EU borrowing costs.
Senior EU diplomats meeting on Wednesday approved a long-awaited loan for Ukraine, which includes the new element of a more open door towards the UK.
The UK clause, including requirement for British financial contribution, had been approved by Monday, according to three diplomatic sources. EU member states, however, will need to hold further talks on how to include the UK, including agreeing a list of products that could be procured from British suppliers.
