UK financial aid for Ukraine to dry up by end of year: report

TEHRAN, Aug. 29 (MNA) – UK’s financial support for Ukraine’s military is feared to run out by the end of 2022, a Defense Ministry source said.

The Defense Ministry source confirmed to Britain's leading newspaper, the Sunday Times that the UK’s financial support for Ukraine’s military is feared to run out by the end of 2022.

The British government has already allocated more than £2.3 billion ($2.7 billion) in military aid to Ukraine but the financial support is now running low. Whoever leads the country as the next UK prime minister "will have to deal with strained public finances and declining public enthusiasm for a protracted conflict," the source told the paper.

This comes as UK Prime Minister Boris Johnson pledged a new package of military aid to Ukraine worth £54 million ($63 million). The package includes an estimated £2.3 billion committed in addition to the recent assistance that was sworn by the UK government right after Russia launched its military operation in February. The UK has also been struggling to tackle its own economy as it witnesses soaring inflation that is predicted to spike to a whopping 18% in early 2023. 

"The reality is that the UK’s financial contribution to the war effort will have dried up by the end of the year,” the Sunday Times article noted quoting the defence source.

"This means that the new prime minister will very soon face the question of whether to commit billions of pounds of additional support at a time when the public finances are under intense strain," the source unidentified by name stressed. 


News Code 190790


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