Ukraine receives final tranche from the United Kingdom worth £752 million – from immobilized russian assets

Ukraine has received the final tranche from the United Kingdom amounting to GBP 752 million (approximately USD 1 billion) under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative.

The funds will be directed to strengthening Ukraine’s defence capabilities.

«Grateful to the Government of the United Kingdom for its consistent and resolute support of Ukraine in countering russian aggression during the fifth year of full-scale war. The funding is earmarked and will be used to meet the priority needs of the security and defence sector», said Minister of Finance of Ukraine Sergii Marchenko.

As a reminder, on 1 March 2025, Minister of Finance Sergii Marchenko and UK Chancellor of the Exchequer Rachel Reeves signed an agreement to provide Ukraine with GBP  2.26 billion (around USD 3 billion) for defence needs.

The first two tranches, totalling GBP 1.5 billion, were received in March and April 2025.

The funds are part of the G7 ERA mechanism, with a total volume of USD 50 billion. The loan will be serviced and repaid using future profits generated from immobilized russian sovereign assets. The financing is provided for a period of 30 years.