EU sends another €1 bln to Ukraine from frozen Russian assets
Photo: Yulia Svyrydenko (Vitalii Nosach, RBC-Ukraine)
Ukraine received another €1 billion from the European Union. The funds are part of the EU contribution within the G7 countries’ initiative, the Prime Minister Yulia Svyrydenko stated.
"This tranche is financed from the profits of the frozen assets of the Central Bank of the Russian Federation," she wrote.
ERA foresees directing $50 billion to Ukraine, which future revenues from frozen Russian assets will ensure. The EU contribution amounts to €18.1 billion ($20 billion).
In total, within the ERA initiative, the European Union has already provided €10 billion.
The Ministry of Finance of Ukraine expects that the remaining funds from the EU will be received in installments by the end of 2025.
The total amount of assistance to Ukraine from the EU since the Russian invasion in 2022 has reached €170 billion.
Ukraine’s needs
The National Bank predicts that in 2025, Ukraine will receive about $54 billion in external financial assistance. This will allow covering the budget deficit without resorting to issuance, even under rising defense spending.
As of now, Ukraine has already received $30.5 billion.
The NBU base scenario predicts that in 2026, Ukraine will receive approximately $35 billion, and in 2027 – $30 billion in external support. Partners have already announced a third of these funds; negotiations are ongoing regarding the remaining funds.
