Ukraine received another tranche of macro-financial assistance from the European Union in the amount of EUR1 billion under the ERA Loans program, Prime Minister Yulia Svyrydenko said
“This tranche is financed from the proceeds of frozen assets of the Central Bank of the Russian Federation. This is more than aid — it is a clear signal: Europe is resolutely strengthening Ukraine’s defense and resilience against massive missile attacks and attempts at destabilization,” Svyrydenko wrote on Telegram on Wednesday.
The Ministry of Finance reminded that a total of EUR 10 billion has already been raised from the European Union as part of the ERA initiative, and Ukraine is expected to receive the remaining EUR 8.1 billion from the EU in installments by the end of 2025.
The prime minister thanked European Commission President Ursula von der Leyen and European Commissioner Valdis Dombrovskis for their leadership and steadfastness.
“These funds mean saved lives, rebuilt cities, and a secure European future for Ukraine,” she emphasized.
The ERA provides for $50 billion to be allocated to Ukraine, which will be secured by future revenues from Russia’s frozen assets. The EU’s contribution amounts to EUR18.1 billion (EUR20 billion).
In March this year, European Commissioner for Economy Valdis Dombrovskis announced that the EU plans to allocate EUR 30.5 billion to Ukraine this year, including EUR 12.5 billion under the Ukraine Facility program and EUR 18 billion under the ERA mechanism: the first EUR 3 billion was allocated in January, EUR 1 billion per month in March-November, and EUR 6 billion in December.
The IMF’s Extended Fund Facility (EFF) program provides for Ukraine to receive $39.4 billion under the ERA mechanism this year, following $1 billion last year.
According to the Ministry of Finance, since February 2022, the European Union has been the largest provider of direct budgetary assistance to Ukraine – EUR 58.5 billion for priority state budget expenditures, including over EUR 16.5 billion for the first eight months of 2025.
