🔗 Share this article Britain Ready to Use Seized Russia's Holdings to Finance the Ukrainian Military Campaign The UK is prepared to move forward with utilizing the entire amount of seized Russian holdings to support Ukraine's military campaign, Leader Sir Keir Starmer has stated. In a joint statement, the heads of state of the United Kingdom, France, and Germany asserted that this coordinated action would heighten pressure on Russia's leader Vladimir Putin and compel Russia to engage in negotiations. They further noted that the initiative would be executed in strong partnership with the United States. United Kingdom sanctions have frozen over £25bn of Russia's assets since Moscow began its comprehensive attack against Ukraine in 2022. However, previously, money allocated to the Ukrainian government using Russian assets had only been sourced from profits and interest earned on them. Sir Keir informed Ukraine's leader Volodymyr Zelensky that the Britain, France, and the Federal Republic of Germany were united in their desire to drive progress toward employing the complete amount of the seized Moscow's national funds to conclude the conflict. He stated that further restrictions over the next period would increase the strain on the Russian government. This statement follows European leaders met in the Danish capital recently to consider using immobilized Russian assets for a 140-billion-euro credit to Ukraine. In the previous month, American leader Donald Trump urged G7 allies to take or otherwise use frozen Russian assets, as reported by media sources. The value of seized Russian funds in the Europe is assessed to be approximately €211bn. Leader Zelensky urges the United Kingdom's Sir Keir Starmer to participate in the PURL initiative Russia launched extensive bombardments all over the Ukrainian territory on Friday, leading to electricity outages in many areas of Ukraine's capital, Kyiv, and multiple additional areas. Two people were fatally injured and no fewer than 20 people were injured in the strike, Ukrainian officials stated. In a message on X after the strike, Zelensky stated that the premeditated assault targeted non-military and power facilities. "The necessity is not just talk but concrete steps - from the United States, Europe, and the G7 - in supplying anti-aircraft weapons and enforcing restrictions," he emphasized. "Every sanction decision diminishes Russia's war machine," Zelensky declared, in a different message. Also on Friday, Zelensky told media outlets he would press Sir Keir to participate in the PURL scheme, under which alliance members buy arms from the America to donate to Ukraine. While commending the United Kingdom's strong support for Kyiv, he said it should indicate firmly that it would engage in the initiative, as well as enforce further restrictions on the Russian Federation. Large-Scale Assaults Cause Outages in the Capital and Across Ukraine War in Ukraine French Republic Germany Russian Federation Ukrainian Nation