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UK ready to be guarantor for $525 million loan to Ukraine

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The U.K. government said on June 26 that it’s ready to provide $525 million in guarantees for the World Bank lending to Ukraine. “The U.K. will continue to back Ukraine every step of the way because we know that their security is our security, and their freedom is our freedom,” U.K. Prime Minister Boris Johnson said. The lending will cover costs such as the salaries in the public sector and the running of schools and hospitals, the statement said.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The latest announcement comes as Kyiv experienced widespread power outages on Oct. 8 following a Russian attack on Ukrainian energy infrastructure. Over 3 million residents in the capital lost power in what officials described as "an attack on one of the energy facilities important for the city of Kyiv."

The railway operator initially reported that the passenger train's driver suffered a leg injury and four passengers required medical attention. The crew of the electric locomotive was unharmed.

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