UK Prime Minister Keir Starmer is preparing to urge outgoing US President Joe Biden to provide Ukraine with a $20 billion loan during the G20 summit in Brazil next week, according to The Telegraph.
These funds are part of an agreement reached by the Group of Seven (G7) on October 25 to offer Ukraine loans totaling approximately $50 billion, backed by revenues from frozen Russian assets abroad.
The United States will contribute the majority of the $20 billion in aid. Following the US, European Union countries, including France, Germany, and Italy, will collectively provide $19.4 billion. The remaining approximately $10 billion will be split among Canada, which will contribute $3.7 billion, Japan at $3.07 billion, and the UK at $2.9 billion.
This is the latest effort by European nations to persuade Biden to increase assistance to Ukraine before Donald Trump takes office in January, including allowing Ukraine to launch long-range strikes on Russian territory using Western weapons.
The British Prime Minister will also insist on discussing these issues face-to-face with Biden during the G20 summit, reports The Telegraph.
Starmer also met with French President Emmanuel Macron on November 11 and issued a joint statement, "emphasizing the determination of both countries to support Ukraine steadfastly and for as long as necessary to counter Russia's aggressive war in Ukraine."
Both leaders are set to meet soon with Polish Prime Minister Donald Tusk, and they intend to coordinate further support for Ukraine in case the future US president decides to drastically reduce aid to Kyiv.
It is expected that the next US Secretary of State will be Republican Senator Marco Rubio, who has stated that Russia's war against Ukraine has reached a "stalemate" and "needs to be brought to a conclusion." In April 2024, he also voted against a $61 billion aid package for Ukraine.
Reportedly, Trump will appoint a national security advisor who has opposed aid to Ukraine. Mike Waltz has also suggested that Trump would force Russia to the negotiating table by threatening to "devastate its economy" if it refuses.