Labour leader Keir Starmer has called for the UK to join the EU's €90bn loan scheme for Ukraine, with the aim of allowing British firms to access contracts funded by the loan. The announcement was made during a European Political Community summit in Yerevan, Armenia, where Starmer is currently attending.
The EU's €90bn loan scheme for Ukraine has been a significant development in the ongoing crisis, with the European Commission announcing its intent to provide financial assistance to Ukraine. The loan scheme's inclusion of non-EU member states has been a point of contention, with the UK's potential participation sparking debate.
The UK government has yet to officially respond to Starmer's call for participation in the loan scheme. However, the prime minister's backing of the deal would likely be a significant step forward. The implications of the UK's potential participation in the loan scheme are far-reaching, with British firms potentially set to benefit from access to funded contracts.