UK to give Ukraine £2.26bn loan to help fight Russia's invasion - but Kyiv won't have to repay a penny

The loan will be covered by profits made from Russian sovereign assets that Western nations have frozen since the start of the full-scale war - with the UK defence secretary saying the money "can help turn the tables on Putin's war machine".

By stealing the interest generated from frozen Russian assets held by the West, the war can be prolonged, more Ukrainians and Russians killed and western arms manufacturers receive another welcome injection of cash. Bonus!

There's no talk of the Ukraine paying the loan back and even less of the West paying the interest back.

The only worry appears to be that Hungary will block these loans when time comes for the EU to renew their contribution.

Canada is also loaning - presumably from the interest on the accounts of ordinary truckers who defied the Trudeau regime over COVID restrictions.

Lesson learned: Banks can't be trusted.