Connect with us

Ukraine

Ukraine receives further €4 billion from EU's contribution to G7 Loan

SHARE:

Published

10 months ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The European Commission has disbursed the ninth tranche of its exceptional Macro-Financial Assistance (MFA) loan to Ukraine, worth €4 bn, further reinforcing the EU's role as the largest donor since the beginning of Russia's war against Ukraine, with overall support approaching €178 bn.

In total, the MFA amounts to €18.1bn and represents the EU's contribution to the G7-led Extraordinary Revenue Acceleration (ERA) loans initiative, which collectively aims to provide approximately €45bn in financial support to Ukraine. With this payment, the Commission's total support to Ukraine under this MFA reaches €14bn since the beginning of 2025.

This significant disbursement reaffirms the EU's commitment to support Ukraine and follows President Ursula von der Leyen's recent announcement, in her State of the Union speech, of a €6 billion frontload of the EU's contribution to the ERA loans initiative. This announcement is in line with the call by European leaders at the Special European Council in March to frontload financing to Ukraine. The process is now under way, with this €4bn disbursement comprising an initial €3bn frontload, in addition to the €1bn already scheduled for this period. This support will help Ukraine meet its growing financing needs, including in the defence sector. Specifically, €2bn of today's disbursement will be allocated for drones, in line with a mutual agreement between the EU and Ukraine.

The ERA loans from G7 partners as well as the EU's MFA loan are being repaid using proceeds from immobilized Russian State assets held in the EU.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending