Starmer to give missiles to Ukraine paid for with £70m interest on Russian assets

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"UK to Supply 350 Advanced Missiles to Ukraine Funded by Interest from Frozen Russian Assets"

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Keir Starmer, the leader of the UK Labour Party, has unveiled a new military aid package for Ukraine, which will be funded by £70 million in interest accrued from frozen Russian assets. This initiative represents a significant shift in the UK's approach to supporting Ukraine amid the ongoing conflict with Russia. The package includes the provision of 350 advanced air defense missiles, specifically adapted for ground launch after being originally designed for air-to-air combat. These missiles are set to be deployed through the UK-supplied Raven systems, with additional systems already on their way to Ukraine, totaling 13. The rapid adaptation of these missiles showcases the capabilities of the UK’s military and industrial sectors, with the conversion process completed in just three months by RAF engineers and MBDA UK.

During a statement made before the upcoming NATO summit in The Hague, Starmer emphasized the importance of utilizing seized Russian assets to bolster Ukraine's defense, asserting that the responsibility for the war lies firmly with Russia and not with Ukraine. The UK defense secretary, John Healey, echoed these sentiments, highlighting that the new missile package is essential for saving lives and demonstrating the adaptability of the UK’s military resources in response to modern warfare challenges. This announcement comes as part of the UK’s largest annual military aid commitment to Ukraine, totaling £4.5 billion, and follows previous agreements to enhance Ukraine's defense capabilities, including a substantial deal for over 5,000 air defense missiles. As NATO leaders gather to address various security concerns, including the situation in the Middle East, the collaboration between the UK and Ukraine is set to strengthen, with discussions on long-term military production partnerships already underway between Prime Minister Rishi Sunak and Ukrainian President Volodymyr Zelenskyy.

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Keir Starmer has announced a fresh package of military aid for Ukraine – this time paid for using the UK’s interest haul from frozen Russian assets.

The UK will send 350 advanced air defence missiles, built in Britain and adapted in record time for ground launch, using £70m of interest raised through the government’s extraordinary revenue acceleration (ERA) scheme. The move marks the first time the UK has used Russia-linked funds to directly bankroll weaponry for Kyiv.

The missiles will be deployed through UK-supplied Raven systems – five more of which are en route toUkraine, taking the total to 13. Originally designed as air-to-air missiles, ASRAAMs have been retrofitted by RAF engineers and MBDA UK to fire from the back of a British-made truck. The conversion took just three months.

Starmer, speaking before Nato’s annual summit in The Hague, said: “Russia, not Ukraine, should pay the price for Putin’s barbaric and illegal war. It is only right we use seized Russian assets to strengthen Ukraine’s air defences. The security of Ukraine is vital to our own.”

The defence secretary, John Healey, said the missiles would save lives and were proof that the UK’s military and industrial base could adapt to the needs of modern war. He accused Moscow of continuing indiscriminate missile attacks and made clear that “Putin is not serious about peace”.

The new package is part of the UK’s largest-ever yearly commitment to Ukraine – £4.5bn in military aid. It follows a £1.6bn deal in March for more than 5,000 air defence missiles and a separate £350m investment to ramp up drone deliveries tenfold.

Ministers are also using the Nato summit to discuss escalation in the Middle East and to push allies on long-term defence spending.

Ahead of the Nato summit, the prime minister had agreed with Volodymyr Zelenskyy towork closely together on military productionbetween the UK and Ukraine.

After meeting in No 10 on Monday, the pair announced a new military partnership in front of soldiers from Britain, Ukraine and other western allies.

The Ukrainian president has been invited to the summit but will not take part in its main discussions, which will be highly focused on defence spending.

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Source: The Guardian