The likely participation of the United Kingdom in a new EU loan scheme for Ukraine will incrementally deepen U.K.-EU security and industrial cooperation, but on a constrained, transactional basis that expands opportunities for British companies without fundamentally reintegrating the United Kingdom into EU defense structures. The United Kingdom is in discussions with the European Union to participate in the bloc's 90 billion euro (about $105 billion) financial mechanism to support Ukraine's military and state financing needs over the next two years. Ahead of a May 4 summit of the European Political Community in Armenia, British Prime Minister Keir Starmer said that London is "discussing participating" in the scheme, which would be "very good" for relations with Brussels and for job creation in the United Kingdom. Starmer is expected to discuss the issue with EU leaders attending the summit, including European Commission President Ursula von der Leyen.