The UK will consider a new funding model for weapons in Ukraine.

Rachel Reeves will announce plans to explore using frozen Russian assets to fund a “reparations loan” that could provide billions of pounds for Ukraine’s war effort .

The Chancellor is expected to make the announcement at a meeting with her European counterparts in Copenhagen on Saturday, saying it is “right to explore all options to support Ukraine ”.

It comes after European Commission president Ursula von der Leyen last week suggested providing a loan to Ukraine backed by the “cash balances” associated with Russian assets frozen by the EU.

She did not provide details of how it would work, but the move would allow the EU to use Russian assets to fund Ukraine without immediately confiscating them, which several countr

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