European Commission promises €35 billion to Ukraine in 2025 – photo
www.pravda.com.ua
Wed, 22 Jan 2025 21:08:51 +0200
The European Union will provide Ukraine with 35 billion in financial assistance through the G7 ERA loan initiative and the Ukraine Facility in 2025.
Source Valdis Dombrovskis, VicePresident of the European Commission and European Commissioner for Trade, on X Twitter, as reported by European Pravda Details Dombrovskis emphasised that Ukraine will receive 35 billion in financial aid from the EU in 2025.
The EU is delivering financial support through the G7 ERA loan initiative and the Ukraine Facility, with 35bn for 2025, Dombrovskis stated following a meeting with Ukraines First Deputy Prime Minister Yuliia Svyrydenko in Davos.
Great to meet with SvyrydenkoY, Ukraines First Deputy PM, at Davos2025.
We discussed enlargement and steps to bring closer to the EUs Single Market.
The EU is delivering financial support through the G7 ERA loan initiative and the Ukraine Facility, with 35bn for 2025.
pic.twitter.com/iHQpg6kl1I Valdis Dombrovskis VDombrovskis January 22, 2025 Dombrovskis also noted that he and Svyrydenko discussed enlargement and steps to bring Ukraine closer to the EUs Single Market.
Background Svyrydenko mentioned that Ukraine is set to receive 12.5 billion from the EU in 2025 under the Ukraine Facility programme.
The G7 Extraordinary Revenue Acceleration ERA initiative is funded through frozen Russian assets.
Ukraine has received the first tranche of 3 billion from the amount allocated by the European Union for a joint loan from the G7 to Ukraine.
The total amount to be provided by the EU under the G7 loan is about 18 billion.
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