According to Prime Minister Boris Johnson’s office, Britain would provide $100 million (75.6 million pounds) to Ukraine through the World Bank in order to keep vital governmental activities functioning and alleviate financial strains brought on by Russia’s incursion.
By giving defensive military aid, advocating for tighter sanctions against Russia, and providing financial support, Britain has sought to play a prominent role in the international reaction to Russia’s invasion of Ukraine.
However, Johnson’s government has been chastised for its delayed response to sanctions and underwhelming refugee programme.
According to British authorities, the latest round of funds, which comes on top of the $290.95 million (220 million pounds) already pledged, might be used to pay public-sector workers in Ukraine or cover pension and social security payments.
“While only Putin can fully end the suffering in Ukraine, today’s new funding will continue to help those facing the deteriorating humanitarian situation,” Johnson added.
The money will be disbursed through the World Bank Multi-Donor Trust Fund, which is designed to fast-track donations to Ukraine and is already used by some other nations.
The funding announcement comes ahead of visits to London by Canadian Prime Minister Justin Trudeau and Netherlands leader Mark Rutte, which Johnson will seek to use to strengthen the international response to the invasion.
The three leaders will hold a news conference on Monday.