On June 13, Ukraine received from the European Union the fifth tranche secured by revenues from the assets of the Russian Federation, within the framework of the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative. This was announced by the Prime Minister of Ukraine, Denys Shmyhal.
“Ukraine received another 1 billion euros from the EU at the expense of Russian assets. This is already the fifth tranche of macro-financial assistance from the EU within the framework of the ERA initiative. We will direct the funds raised to key expenditures of the state budget.” Shmyhal noted.
During 2025, the European Union has already provided Ukraine with 10.5 billion euros of direct budget support, which is the largest contribution among all international partners.
Funding comes within two instruments — ERA and Ukraine Facility. As part of the ERA initiative, the Ministry of Finance has already received 7 billion euros from the EU. It is expected that the remaining funds will be provided in tranches until the end of 2025. The ERA initiative provides Ukraine with 50 billion dollars from the G7 countries, of which the European Union will contribute 18.1 billion euros ($20 billion).
It will be recalled that in 2024, the G7 countries agreed to direct interest income from frozen investments to finance Ukraine. The loan is financed by profits from frozen Russian assets and is free of charge for Ukraine.
