UK to announce about $310 million in aid to Ukraine

British Prime Minister Rishi Sunak will announce up to 242 million pounds ($309.69 million) in bilateral assistance to Ukraine to support immediate humanitarian, energy and stabilisation needs for Ukraine.

"We must be decisive and creative in our efforts to support Ukraine and end Putin's illegal war at this critical moment," Sunak said ahead of the G7 summit, per Reuters.

The Group of Seven nations and the European Union are also considering how to use profits generated by Russian assets immobilized in the West to provide Ukraine with a large up-front loan to secure Kyiv's financing for 2025.