Financial sector news

Ukraine has received another tranche of €4 billion from the European Union as part of the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) international initiative, according to the Ministry of Finance.

In total, the Ministry of Finance has already attracted €14 billion from the EU out of the planned €18.1 billion under this instrument. The remaining funds are expected to be transferred by the end of 2025.

The funding received may be used to cover priority expenditures of the state budget, in particular in the social sphere, for defense needs, and for the country's recovery.

"Since February 2022, the European Union has been the largest donor of direct budget support to Ukraine, providing €62.5 billion. ERA funds have become an important tool for meeting budgetary needs in 2025. I am grateful to the European Commission for understanding our needs and taking a proactive stance. The further use of frozen Russian assets for the benefit of Ukraine remains a key issue in the dialogue with European partners," said Finance Minister Serhiy Marchenko.

For reference
The G7 Extraordinary Revenue Acceleration for Ukraine (ERA) mechanism provides for the provision of loans to Ukraine in the amount of up to $50 billion. The source of repayment is the proceeds from frozen Russian sovereign assets.

In 2024–2025, the G7 countries and the EU have already provided Ukraine with approximately $28 billion in financing under the ERA.