UK announces more than £10bn in support for Ukraine, including air defence funding

The UK announced more than £10 billion in additional support for Ukraine on 28 October 2026, including economic assistance, winter air defence funding and expanded export-finance capacity, according to HM Treasury. The package sets out several forms of support with different purposes and delivery periods.

HM Treasury put the economic component at £7 billion over three years. It said this includes up to £5.5 billion in World Bank guarantees and a £500 million UK grant contribution to the World Bank International Development Association’s crisis facility. The Treasury said the grant would mobilise £1.5 billion of support for Ukraine; that larger figure is the support it expects the contribution to generate, rather than the size of the UK grant.

Air defences and export finance in the UK package

A further £3 billion increases UK Export Finance capacity for Ukraine, which the Treasury said would be prioritised for military support. That raises the stated UKEF cover limit to £6.5 billion. The increase is financing capacity, rather than a statement that £3 billion has already been paid out. The announced £7 billion economic component, £500 million military component and £3 billion capacity increase add up to £10.5 billion, consistent with the government’s description of a package exceeding £10 billion.

How the announcement fits existing UK commitments

The Treasury said the UK had committed £25 billion for Ukraine to date: £16 billion in military support, up to £5.6 billion in non-military support and a £3.5 billion export-finance cover limit. Its military total includes a £2.26 billion contribution through the Extraordinary Revenue Acceleration loan. The government separately reiterated its commitment to provide £3 billion in military support until at least 2030–31, or for as long as it takes.

The announcement specifies a three-year period for the economic support and winter for the additional air defence funding. The Treasury did not give a detailed disbursement schedule for the economic measures or the expanded export-finance capacity.

Black Sea security concerns

The support announcement comes amid continuing risks to shipping around Ukraine. Reuters reported that Turkish Defence Minister Yasar Guler warned Russia and Ukraine against further attacks on commercial vessels in the Black Sea. Turkey has maintained ties with both countries and, according to Reuters, has proposed measures to halt attacks and protect grain shipments while awaiting their responses.

Speaking after a meeting with Romanian and Bulgarian counterparts in Sofia, Guler said vessels had been affected by drones, stray mines and missiles. Reuters reported that a Greek container ship sailing under a Liberian flag was struck by three drones in Bulgaria’s maritime jurisdiction on 28 October; who carried out that attack was unclear. Turkey, Romania and Bulgaria also agreed to focus on protecting critical subsea infrastructure, Reuters reported.