Ukraine
Ukraine receives a further €1 billion G7 loan initiative
The European Commission has disbursed the fifth tranche of its exceptional Macro-Financial Assistance (MFA) loan to Ukraine, worth €1 billion, further reinforcing the EU's role as Ukraine's largest donor since the start of Russia's war of aggression, with overall support approaching €150 billion.
In total, the MFA amounts to €18.1 billion and represents the EU's contribution to the G7-led Extraordinary Revenue Acceleration (ERA) loans initiative, which collectively aims to provide approximately €45 billion in financial support to Ukraine. These loans are to be repaid using proceeds from immobilised Russian State assets held in the EU. With this latest payment, the Commission's total lending to Ukraine under this MFA reaches €7 billion since the beginning of 2025.
As agreed by the European leaders in the Special European Council in early March, and reiterated by President Ursula von der Leyen, the Commission stands ready to frontload the EU contribution to the ERA loans initiative, if necessary. It remains in close contact with the Ukrainian authorities concerning subsequent disbursements. Should Ukraine submit a request, the Commission is prepared to respond swiftly. This would enable the EU to support any essential increases in military expenditure in the coming weeks and months, helping ensure Ukraine is in a strong position ahead of any potential peace negotiations.
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