Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Elon Musk becomes world’s first trillionaire after SpaceX mega float

      Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Adidas, Burberry and so much Beckham: The six best 2026 World Cup ad campaigns

      A screenshot capturing a significant moment from a news broadcast on June 11, 2026, at 12:17 PM, highlighting key details.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      The best places to eat sandwiches in Lisbon, from bifanas to pregos

      Bifana do Afonsos famous bifana sandwich showcasing tender pork in a freshly baked roll with savory sauce.

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Sunday 03 May 2026 10:30 pm  |  Updated:  Sunday 03 May 2026 4:00 pm

UK to join EU Ukraine loan talks in defence push

By: Saskia Koopman

Tech Reporter

Add as a preferred source on Google
Keir Starmer stands with a British flag, highlighting political leadership and national pride in a business news context.
Keir Starmer said this week that ministers would act "very quickly"

The UK is set to begin negotiations to join the European Union’s €90bn (£78bn) loan scheme for Ukraine, as Keir Starmer steps up efforts to deepen defence cooperation with European allies.

Speaking ahead of a summit of the European Political Community (EPC) in Yerevan, Armenia, the prime minister is expected to signal Britain’s intention to participate in the bloc’s major financial package aimed at supporting Kyiv’s war effort.

The move marks a significant shift in the UK’s post-Brexit relationship with Brussels, with Downing Street framing it as both a security priority and an economic opportunity for British defence firms.

Starmer said the UK and EU must “go further and faster on defence” cooperation, adding that joint action would help ensure Ukraine continues to receive the military equipment it needs to resist Russia’s invasion.

The proposed talks come after the EU approved the loan package earlier this year, following the removal of Hungary’s veto after a change in government.

Reset with Brussels

The Ukraine loan push forms part of a broader reset in UK-EU relations under Labour, with ministers seeking closer alignment on defence procurement, manufacturing and funding.

Downing Street said participation in the scheme could open the door for UK defence companies to bid for contracts linked to the fund, potentially boosting domestic industry while supporting Ukraine.

Starmer added: “When the UK and the European Union work together, we all reap the benefits… ensuring Ukraine gets the equipment it needs while driving opportunities for British industry.”

Read more

Banks call for ‘political mandate’ to bolster European defence

News article image depicting a significant business meeting with diverse executives discussing strategy around a conferenc...

The PM has increasingly argued that Britain’s security is tied to Europe’s, telling allies in recent months that “there is no British security without Europe and no European security without Britain.”

His government is expected to hold further talks with EU leaders in the coming weeks to determine the terms of UK involvement in the loan scheme.

Sanctions and domestic backdrop

Starmer has arrived in Armenia for the EPC summit, where he was welcomed by President Vahagn Khachaturyan alongside other European leaders gathering to discuss security, economic cooperation and regional stability.

The meeting comes amid shifting global dynamics, with the US increasingly focused on tensions in the Middle East, leaving European nations under pressure to take greater responsibility for regional defence.

Ukrainian President Volodymyr Zelensky is also expected to attend the summit, with discussions likely to centre on sustaining military and financial support for Kyiv.

The UK is also preparing to announce fresh sanctions on Russian companies later this week, targeting supply chains linked to Moscow’s military operations.

Starmer’s trip comes just days before local elections in the UK, providing an early test of public support for his government’s foreign and economic strategy.

Read more

Starmer prepares for leadership battle as Streeting declares UK must rejoin EU

Keir Starmer delivering a speech on May 11, addressing political issues, in a formal setting with an audience.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

People & Organisations

  • Defence
  • EU
  • eu ties
  • european union
  • Keir Starmer
  • Politics
  • russia ukraine war
  • UK Government
  • Ukraine

Trending Articles

  • KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

  • Inflation expectations at record high in interest rates signal

  • London Tech Week sums up everything wrong with UK tech

  • KPMG report on AI found riddled with AI hallucinations

  • UK economy falters as deeper damage to growth to come

More from CityAM

  • Banks call for ‘political mandate’ to bolster European defence

    Banking
    News article image depicting a significant business meeting with diverse executives discussing strategy around a conferenc...
  • Starmer prepares for leadership battle as Streeting declares UK must rejoin EU

    Politics
    Keir Starmer delivering a speech on May 11, addressing political issues, in a formal setting with an audience.
  • Starmer clings on as defence spending plan in disarray after resignations

    Politics
    Breaking news concept with digital world map and glowing data streams, symbolizing global communication and technology tre...
  • Donald Tusk says Nato is falling apart

    Politics
    European leaders discussing strategic partnerships at a summit in Brussels, featuring key figures in formal attire
  • NATO military chief presses UK to accelerate defence pledges

    Politics
    Keir Starmer discussing UKs defense strategy with BAE Systems executives in a formal meeting setting
  • Starmer dodges questions on funding for defence spending

    Politics
    Keir Starmer
  • Truth bomb: Defence secretary John Healey resigns over funding battles

    Politics
    Defence secretary John Healey is leading calls for further investment in the sector.
  • Starmer scrambles to make savings in bid to boost defence spending

    Politics
    Keir Starmer discussing UKs defense strategy with BAE Systems executives in a formal meeting setting
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
Copyright 2026 CityAM Limited