European Commissioner explains how EU will help Ukraine's budget until end of 2025
www.pravda.com.ua
Thu, 20 Mar 2025 19:08:31 +0200
In 2025, the European Union will continue to financially support Ukraine through the proceeds of frozen Russian assets and the Ukraine Facility plan.
Source Vice President of the European Commission Valdis Dombrovskis during a meeting with journalists in Kyiv on 20 March, a correspondent of European Pravda reports Details Dombrovskis said that the plan to finance Ukraine under the ERA at the expense of proceeds from frozen assets ed.
is to continue to provide 1 billion monthly, and then in December 6 billion to cover the beginning of 2026.
Under the Ukraine Facility, we plan to disburse the next 4.5 billion tranche in April, but this also depends on certain conditions being met, he added.
Background In 2024, the G7 agreed to jointly provide Ukraine with a US50 billion loan insured with Russian assets the funds will be provided formally as a loan but will be repaid from the proceeds of frozen Russian assets.
The EU is to transfer a total of 18.1 billion under this mechanism.
Earlier on Thursday 20 March the European Commission transferred an additional 1 billion tranche to Ukraine.
The Ukraine Facility programme, which came into force on 1 March 2024, provides up to 50 billion in stable funding in the form of grants and loans to support the recovery, reconstruction and modernisation of Ukraine for the period from 2024 to 2027.
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