Ukraine receives second EU tranche secured by Russian asset revenues
www.pravda.com.ua
Thu, 20 Mar 2025 11:32:16 +0200

Ukraine has received 1 billion from the European Union under the G7 Extraordinary Revenue Acceleration ERA loans initiative.
Source Ukrainian Prime Minister Denys Shmyhal on Telegram Details Shmyhal stated that this is the second tranche from the EU secured by revenues from frozen Russian assets.
The funds will be directed towards priority state budget expenditures.
Shmyhal noted that European partners have already provided Ukraine with 4 billion under the G7 initiative.
Background On 7 March, Ukraine received the first 752 million roughly US940 million from the UK, secured by proceeds from these frozen assets.
On 13 March, Ukraine received the first tranche of CAD 2.5 billion roughly US1.7 billion from Canada under the ERA initiative.
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