Britain has a record of consistently having hit the NATO minimum of spending 2% of GDP on defence. More than that, when there is a crisis—such as Houthi attacks on shipping in the Red Sea or Iran’s attack on Israel—we are almost always the first country to commit its forces alongside America’s to deal with the threat.

Europe should use money from frozen Russian assets for further military support of Ukraine and relax its fiscal rules to boost defence spending, Czech Prime Minister Petr Fiala said on Monday.

Canada will send $5 billion in aid to Ukraine using funds from seized Russian assets, Prime Minister Justin Trudeau said Monday at a peace and security summit in Kyiv.

Russia could agree to using $300 billion of sovereign assets frozen in Europe for reconstruction in Ukraine but will insist that part of the money is spent on the one-fifth of the country that Moscow’s forces control,

Estonia has launched a new push to get fellow EU members to agree to seize frozen Russian assets and use them to help Ukraine, dismissing a Russian idea on how the money could be used as part of a peace deal.

The issue of transferring frozen Russian assets to Ukraine has been unresolved for several years. More than $300 billion in foreign jurisdictions were blocked after the full-scale Russian invasion of Ukraine in February 2022.

The European Union is considering grabbing more than $200 billion in frozen Russian assets and using the war chest as a bargaining chip in the Ukraine war peace talks after being left out of the table by President Trump.