Starmer Says UK Joining €90bn EU Loan Scheme for Ukraine Will Create UK Jobs

Sir Keir Starmer has said joining a £78bn (€90bn) European Union loan scheme to support Ukraine against Russia will create jobs in the UK and be "very good" for relations with the bloc. The UK is "discussing participating" in the scheme, the prime minister said ahead of the European Political Community (EPC) summit in Armenia on Monday. He has said talks are aimed at strengthening Ukraine's defences while also trying to give UK firms access to future contracts. EU leaders last month approved the deal to lend Ukraine €90bn over the next two years after Hungary lifted its veto, with the funding described as "a matter of life and death" by Ukrainian Deputy Prime Minister Taras Kachka. Two-thirds of it will be spent on bolstering Ukraine's defence needs while the rest will go on broader financial assistance. Speaking to media as he arrived on Monday, he said: "In relation to the EU loan that we are discussing participating in, that is very good for Ukraine, because it will give Ukraine capability that it desperately needs in year five of this conflict. "It's very good for the UK, because of the capability that leads to jobs in the United Kingdom. "And it's very good for UK-EU relations, which is very important as we go on to the various discussions." Sir Keir met Volodymyr Zelensky on Sunday in Armenia, with the Ukrainian president asking him to pass on his "best regards and thanks" to King Charles III for his "strong words" in support of Ukraine during his recent state visit to the US. The UK is "ready to do the necessary work" with allies on Monday to give Ukraine the "support you need, the pressure you need to continue to put on Russia to make sure that we get a just and lasting peace, but one that is right for Ukraine", Sir Keir told Zelensky. Further UK sanctions on Russian companies are expected to be announced this week, in a bid to disrupt military supply chains, Downing Street has said. No 10 also said Sir Keir will discuss the situation in the Middle East with European partners at the EPC. Iran has severely limited traffic through the vital oil shipping channel in response to the bombing campaign by the US and Israel, which began in February. Sir Keir has repeatedly outlined a desire to reset relations with Europe, including closer ties on security and the economy, but said it does not amount to a reversal of Brexit.