In 2025, Ukraine expects to attract €30.6 billion in budget support from the EU.  Sergii Marchenko addressed the EU ECOFIN Council meeting in Brussels

The European Union has been the largest donor of direct budget assistance since February 2022. EUR 45 billion has been attracted during this period to finance priority state expenditures. 

This was noted by the Minister of Finance of Ukraine Sergii Marchenko during his speech at the meeting of the EU Economic and Financial Affairs Council (ECOFIN). 

The meeting, held in Brussels, Belgium, was attended by finance and economy ministers of EU member states, as well as representatives of EU institutions.

The agenda included discussions on the current state of Ukraine’s financial system, the implementation of the Ukraine Plan under the EU Ukraine Facility, the mechanism for using revenues from frozen russian assets through the Extraordinary Revenue Acceleration (ERA) Loans for Ukraine, and sanctions pressure on russia.

Sergii Marchenko expressed gratitude to his European colleagues for their support, which plays a vital role in maintaining Ukraine's macro-financial stability:

“In 2024, EU budget support accounts for over 40% of all external funding - EUR 16.1 billion. Importantly, this assistance includes EUR 3 billion in grants, while the remainder consists of concessional loans. The European Union continues to provide systemic support to Ukraine, including military and humanitarian aid, as well as enforcing a strong sanctions policy against russia. I am grateful for the EU’s understanding of Ukraine’s needs and the expansion of our cooperation.”

In 2025, the European Union provides EUR 30.6 billion in budget support for Ukraine:

• EUR 18.1 billion - funds that are part of the G7 ERA initiative from the revenues of frozen assets of russia;

• EUR 12.5 billion - financial assistance under the Ukraine Facility.

The funds will be used to meet the needs of the State Budget in 2025 and 2026.

Sergii Marchenko thanked the EU for supporting the G7 decision to allocate USD 50 billion to Ukraine using future revenues from frozen russian assets: “This decision is a fair one, ensuring that the aggressor bears financial responsibility for its crimes against Ukraine. Our next priority is the full confiscation of frozen russian sovereign assets. The aggressor must pay for its actions.”

During the meeting, the Minister of Finance also called on partners to strengthen sanctions against russia, depriving it of resources to fund its war against Ukraine. Existing measures must be strictly enforced, and loopholes allowing their circumvention must be closed.

Sergii Marchenko emphasized that despite the challenges of full-scale war, Ukraine continues to implement effective policies to maintain economic and financial stability. Efforts to strengthen internal financial capacity are ongoing.

Furthermore, Ukraine is systematically implementing reforms, including all requirements outlined in the Ukraine Plan under the Ukraine Facility. Most of these measures – 56 out of 151 – are scheduled for 2025. The implementation of the Ukraine Plan indicators supports economic growth, the green transition, digital transformation, and European integration.