More than £1 billion worth of military support for Ukraine has been delivered using proceeds from immobilised Russian assets, the UK Defence Journal understands.
The announcement was made by Defence Secretary John Healey during a visit to Kyiv on 3 September 2025.
According to the Ministry of Defence, the funding has enabled the purchase of “hundreds of thousands of rounds of artillery ammunition, hundreds of air defence missiles, spare parts, and new support contracts to help maintain and repair [Ukraine’s] equipment and vehicles.”
The aid is being financed through a £2.26 billion loan provided to Ukraine via the Extraordinary Revenue Acceleration fund, which is being repaid using proceeds from frozen Russian assets.
Mr Healey also co-chaired a Coalition of the Willing virtual meeting alongside representatives from more than 30 countries. Discussions focused on military contributions to a potential multinational force that could be deployed to Ukraine in the event of a peace deal. He stated that the UK is “reviewing readiness levels of UK Armed Forces and accelerating funding to be ready for any deployment to Ukraine.”
The Ministry of Defence listed the equipment provided by the UK in the last 50 days as including:
- 4.7 million rounds of small arms ammunition
- 60,000 artillery shells, rockets, and missiles
- More than 2,500 drones
- Over 200 electronic warfare systems
- 100 light weapons
- 30 vehicles
- Counter-drone and air defence equipment
Mr Healey said: “The UK is stepping up our military support to help Ukraine defend itself in today’s fight against Putin’s illegal invasion, while working hard to secure peace tomorrow through the Coalition of the Willing. More than £1 billion of military support for Ukraine has now been paid for by immobilised Russian assets, while we have accelerated deliveries of vital kit and equipment over the last 50 days into the hands of Ukrainian warfighters.”
He added: “We are also deepening and expanding our cooperation with defence industry and learning valuable lessons from the battlefield. On my fifth visit to Ukraine, it was an honour to meet Minister Shmyhal to stress our continued unity for Ukraine – both from the UK and across the Coalition of the Willing.”
The Defence Secretary also highlighted closer industrial cooperation between the UK and Ukraine, which builds on the “100-year partnership” agreement signed earlier this year.
The announcement coincided with the Foreign Secretary unveiling new sanctions targeting Russian officials accused of involvement in the deportation and indoctrination of Ukrainian children. According to UK officials, more than 19,500 children have been forcibly transferred to Russia or Russian-occupied territories since the start of the war.
That gives an idea of the volume of Russian wealth booked in London before the war…
£25 billion seized by the UK, that’s targeted seizure. Not sure how strict they are in definition but I’d imagine there’s billions more from Russian interests still left in London.
“It’s a legitimate football club and I’m no longer Putin’s bff” wasn’t enough to be exempt.
If they had clamped down faster and not let all the money leave before applying the sanctions then this would probably be an order of magnitude larger.
Just take the lot already – it’s been over 3 years. If there is no mechanism for seizing funds from an unprovoked invader then the laws need to be changed, and if they’re working on this how it can take so long is baffling – it’s not like the Swiss have it locked in the vaults of Moria, it’s in London.
Just consistent weakness. All the efforts are great, but no real ‘move’ has been made from Europe other than to spike the Urainian guns to appease the dictator of essentially a developing world economy who enjoys shaking his semi-dubious nukes. Send a signal that tells Ivan we’re all in for the long run.
There’s no point in seizing russian money, just leave it where it is, let the interest build up then use that to support Ukraine then repeat the process
If one does this, all dictators, mobs, « questionable » regimes withdraw their money from the city; not sure you want this.