The UK will lend Ukraine £2.26 billion ($2.94 billion) as part of a broader $50 billion loan scheme from G7 nations, aimed at bolstering Ukraine's military and reconstruction efforts amid the ongoing conflict with Russia. This funding will specifically support military spending and the development of advanced weaponry, including drones, as discussed between UK officials and Ukrainian leadership. Chancellor Rachel Reeves emphasized that the loan will be repaid using profits from frozen Russian assets, reinforcing the commitment to Ukraine's defense as aligned with Britain's national interests. The UK has already dedicated £3 billion annually in military aid and has trained over 45,000 Ukrainian personnel under Operation INTERFLEX. This initiative is particularly timely as concerns grow regarding potential shifts in U.S. support for Ukraine, especially with the upcoming presidential election. The G7 agreement also underscores Russia's obligation to compensate for the damages inflicted on Ukraine during the war.