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

Britain on Monday announced it will lend Ukraine nearly $3 billion to be used on weapons and aid needed to repel Russia's invasion. The $2.94 billion will come from profits earned off Russian assets frozen by British sanctions and represents Britain's commitment to a larger G7 plan to loan Ukraine $50 billion,

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

Russia wants the BRICS summit to showcase the rising clout of the non-Western world, but Moscow's partners from China, India, Brazil and the Arab world are urging President Putin to find a way to end the war in Ukraine.

The meeting marks the largest gathering of international leaders in Russia since the 2022 invasion of Ukraine.