United Nations:British Prime Minister Liz Truss, a politician often compared to Iron Lady Margaret Thatcher, is presenting herself to the world as a steely leader for tough times. The new prime minister has come to the United Nations to argue that in an increasingly unstable world, like-minded allies need to band together against those who seek to weaponise the global economy.
In her speech to the UN General Assembly in New York on Wednesday, Truss will call on bodies like the Group of Seven industrialized nations to act as an economic equivalent of NATO, helping one another endure the economic shocks unleashed by Russia's invasion of Ukraine.
This is a decisive moment in British history, in the history of this organization, and in the history of freedom, Truss will say, according to excerpts released in advance by her office. The story of 2022 could have been that of an authoritarian state rolling its tanks over the border of a peaceful neighbour and subjugating its people.
Instead, it is the story of freedom fighting back. But this must not be a one-off. Two years after Britain dismayed many of its allies by leaving the European Union, Truss wants to reassure the world that her country will be a reliable, trustworthy and dynamic partner to fellow democracies most urgently, to Ukraine.
She'll pledge Britain's total commitment to Ukraine's fight against invasion, including a further 2.3 billion pounds ($2.6 billion) in U.K. military aid. Truss plans to overhaul Britain's security and foreign policy blueprint, which was updated just last year, before Russia's invasion of Ukraine upended global security.
She also has pledged to increase defense spending to 3% of gross domestic product, from its current level of just over 2%. Truss also said en route to New York that Russia will only be freed from international sanctions if it pays recompense over its invasion. She did not elaborate, but American officials are looking at whether assets seized from wealthy Russians could be used to fund Ukraine's reconstruction.