Ukraine receives US$3.8 billion in January, mostly as loan secured by Russian assets
www.pravda.com.ua
Fri, 31 Jan 2025 17:55:47 +0200
Ukraines state budget received US3.8 billion in funding in January 2025, with the majority classified as a conditional debt to the EU.
Source Ukraines Ministry of Finance on Telegram Details Of the total amount, US3.1 billion was provided by the European Union, while another US700 million was raised through government bond issuance on the domestic market.
The Ministry of Finance explained that the EU funds are the first tranche under the ERA Loans initiative.
These loans will be repaid using revenues from frozen Russian assets.
Quote This means that the aggressor country will bear the costs of the loan, not Ukraine.
US3.1 billion is a conditional debt obligation for Ukraine.
Background In 2024, Ukraines debt to the World Bank Group increased by 65, reaching US22.6 billion.
As of 30 November 2024, Ukrainian state and stateguaranteed debt amounted to UAH 6,644.68 billion, or US159.74 billion.
In 2024, the total Ukrainian state and stateguaranteed debt rose by UAH 1,461.3 billion about US20.74 billion.
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