UK ready to transfer £8bn in frozen Russian assets to Ukraine

The UK government is ready to transfer £8 billion (over US$10.6 billion) in frozen Russian assets to support Ukraine.

1news.media informs the Times stated that the UK government considers Russian leader Vladimir Putin a threat to the people, security and prosperity of the United Kingdom.

The Times also noted that these funds would cover more than two-thirds of Ukraine's financial needs over the next two years, both for continuing its defence against Russia and for funding the country's recovery if a peace agreement is reached.