UK's financial support for Ukrainian military to run out by end of 2022

UK citizens are starting to realize the scale of sacrifices they have to make for the sake of Kiev and fearing surging gas prices in the country

UK, United Kingdom
UK's financial support for Ukrainian military to run out by end of 2022. (Photo: Reuters)
ANI Europe
1 min read Last Updated : Aug 29 2022 | 7:04 AM IST

The UK's financial support for the Ukrainian military will run low by the end of the year, local media reported citing a source in the UK Defence Ministry.

According to the source, the UK is running out of weapons and financial contributions to Ukraine, which means that the new UK Prime Minister will face the question of whether to make billions of pounds of additional support when public finances are under strain.

UK citizens are starting to realize the scale of sacrifices they have to make for the sake of Kiev and fearing surging gas prices in the country.

In April, Russia voiced protest to NATO countries over the supply of weapons to Ukraine. Russian Foreign Minister Sergey Lavrov stressed that all cargo that contains arms deliveries for Ukraine could become a target for Russia. At the same time, Kremlin spokesman Dmitry Peskov said that providing Kyiv with Western arms did not contribute to the resolution of the Ukraine conflict and would only have negative consequences.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :UkraineUK economyfinance

First Published: Aug 29 2022 | 7:04 AM IST

Next Story