Britain is ready to lend the Russian Federation’s frozen assets to Ukraine.

Britain is prepared to give Ukraine all the frozen assets of the Russian central bank that are being held in the country, on the condition that Russia will be forced to pay reparations to Ukraine after the end of the war, British Foreign Minister David Cameron said.

“There is an opportunity to use something like a syndicated loan or a bond, which uses frozen assets, effectively as a guarantee, to give this money to the Ukrainians, knowing that we will return it when Moscow pays reparations,” he noted.

The minister believes that Britain seeks maximum unity between the G7 and the EU on this issue. Still, if it cannot get it, then “it will have to move forward with allies who want to take such measures.”

It is the first time Cameron has spoken publicly about the proposal in such detail and will likely underline the plan’s political support in the US but not in the EU. This plan is more radical than other proposals being discussed by the EU.