🔗 Share this article UK Ready to Use Immobilized Russia's Assets to Fund Ukraine's Defense The British government is set to progress with employing the total value of immobilized Russian assets to aid Ukraine's military campaign, PM Sir Keir Starmer has stated. In a shared declaration, the heads of state of the UK, the French Republic, and the Federal Republic of Germany asserted that this coordinated action would heighten pressure on Moscow's head Vladimir Putin and persuade Moscow to participate in talks. They further noted that the move would be executed in close cooperation with the US. UK penalties have blocked over £25bn of Russia's resources since Moscow began its full-scale invasion against Ukraine in 2022. Yet, up to this point, money sent to Ukraine using Russia's funds had solely been drawn from profits and interest generated on them. Sir Keir informed President Volodymyr Zelensky that the United Kingdom, France, and the Federal Republic of Germany were in agreement in their aim to advance efforts toward utilizing the complete amount of the frozen Russian sovereign assets to conclude the conflict. He noted that more measures over the next period would apply more pressure on Russia. This statement is subsequent to EU leaders met in Copenhagen recently to discuss utilizing frozen Russia's assets for a 140-billion-euro financial aid to Ukraine. Recently, American leader Donald Trump urged Group of Seven partners to confiscate or utilize seized Russia's assets, according to reports. The total of immobilized Russia's holdings in the European Union is estimated to be almost €211bn. Leader Zelensky calls on Britain's Sir Keir Starmer to join the PURL programme The Russian government launched large-scale aerial attacks throughout the Ukrainian territory on that day, causing power cuts in many areas of the capital city, the city, and multiple additional areas. Two people were fatally injured and a minimum of 20 people were wounded in the assault, Ukrainian officials reported. In a message on an online platform after the incident, Zelensky stated that the premeditated assault targeted non-military and power facilities. "The necessity is not just talk but concrete steps - from the America, Europe, and the Group of Seven - in delivering defense mechanisms and enforcing penalties," he wrote. "All penalty impositions undermines Russia's war machine," Zelensky wrote, in a additional update. Also on Friday, Zelensky informed reporters he would urge Sir Keir to participate in the PURL scheme, under which Nato countries acquire arms from the US to donate to Ukraine. While applauding the UK's strong support for the Ukrainian government, he said it should indicate firmly that it would participate in the program, as well as impose more measures on Moscow. Significant Attacks Cause Outages in the Capital and Across Ukraine Conflict in Ukraine France Germany Russia Ukraine