The European Parliament on Tuesday approved a $37.83 billion loan to Ukraine that will be repaid from the profits of frozen Russian assets, clearing the final hoop for the funds.

The loan to Ukraine is part of a larger $50 billion package that G7 nations have already pledged to Kyiv.

Asked if Britain would allow Ukraine to use the money to buy British-made Storm Shadow missiles to hit targets deep inside Russia, Healey told reporters: "They are developing very

Britain on Monday announced it will lend Ukraine nearly $3 billion to be used on weapons and aid needed to repel the Russia's invasion.

European Union lawmakers on Tuesday approved the bloc's plan to use frozen Russian central bank assets to loan up to 35 billion euros ($38 billion) to its ally Ukraine. The European Parliament voted by 518 in favour to 56 against,

The UK government will give an extra £2.26bn ($2.93bn) to Ukraine, using the profits from seized Russian assets held in Europe. It forms Britain’s contribution to a £38bn ($50bn) fund announced in June by members of the G7 group of leading economies.

The European Parliament has voted in favour of €35 billion ($38 billion) in loans for Ukraine secured by windfall profits from frozen Russian assets. The EU legislative chamber on Tuesday backed the financial aid with 518 votes in favour,

The funds represent the UK’s share of a $50 billion (£38.39 billion) loan package agreed upon by the G7 nations, financed through interest generated from sanctioned Russian sovereign assets

On Tuesday in Strasbourg, members of the European Parliament approved a loan of up to $37 billion for Ukraine. The debt will be repaid from the revenues of frozen Russian assets. This new loan is the EU's contribution to the G7 support for Ukraine,

The loan will be allocated to Ukraine's military spendings. Kyiv will be able to invest in key equipment to fight Russia, such as artillery, air defense, and wider equipment support.