Ukraine received €1 billion from the EU – the fourth tranche of Macro-Financial Assistance funded by russian assets

Today, the State Budget of Ukraine received the fourth tranche of EUR 1 billion from the EU under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative. The funds will be used to cover budgetary needs.

The ERA initiative provides USD 50 billion in support to Ukraine, of which the EU’s contribution amounts to EUR 18.1 billion (about USD 20 billion). 

In total, under the ERA initiative,  EUR 6 billion has already been disbursed by the European Union. Additional tranches from the EU are expected to be received in installments by the end of the year. It will help ensure Ukraine's budgetary needs in 2025–2026.

“I am grateful to our EU partners for their consistent and predictable support, which helps maintain Ukraine’s financial resilience. The funds raised will enable us to finance priority state budget expenditures. This mechanism ensures that russia begins to pay for the damage it has inflicted on Ukraine,” said Minister of Finance of Ukraine Sergii Marchenko.

According to official EU data, frozen assets of the russian central bank in the EU amount to EUR 210 billion and represent the majority of such immobilized assets worldwide.

To date, under the G7 ERA initiative, Ukraine has received around USD 14.7 billion from its partners.