The European Commission has confirmed the disbursement of the fifth tranche of emergency macro-financial assistance (MFA) to Ukraine in the amount of €1 billion under the ERA, which will be repaid from frozen Russian state assets.
“This further strengthens the EU’s role as Ukraine’s largest donor since the start of Russia’s aggressive war, with total support approaching €150 billion,” the European Commission said on Friday.
It is specified that the total MFA amounts to EUR 18.1 billion and is the EU’s contribution to the G7 Emergency Revenue Acceleration (ERA) initiative, which aims to provide Ukraine with financial support of approximately EUR 45 billion.
“These loans are to be repaid from the proceeds of Russian state assets frozen in the EU. With this latest payment, the total amount of Commission loans to Ukraine under this MFA will reach EUR 7 billion from the beginning of 2025,” the EC said.
The press release also recalls that “as agreed by European leaders at the Special European Council in early March and confirmed by President Ursula von der Leyen, the Commission stands ready to allocate the EU’s contribution to the ERA loan initiative if necessary.”
“It is in close contact with the Ukrainian authorities on the next disbursements. If Ukraine submits a request, the Commission is ready to respond quickly. This will allow the EU to support any significant increase in military spending in the coming weeks and months, helping to ensure that Ukraine is in a strong position ahead of any potential peace talks,” the press release emphasizes.
