Ministry of Finance secures EUR 1 billion from EU – third tranche of macro-financial assistance funded by frozen russian assets

Today, Ukraine received the third tranche of EUR 1 billion from the EU under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative.

The ERA initiative provides USD 50 billion in support to Ukraine, of which the EU’s contribution amounts to EUR 18.1 billion (about USD 20 billion).

In total, under the ERA initiative, the Ministry of Finance has already attracted EUR 5 billion from the European Union. The remaining funds are expected to be disbursed in installments by the end of 2025.

“In 2025 alone, the EU has directed EUR 8.5 billion to Ukraine’s State Budget – the largest contribution among all donors. These funds were provided under the ERA mechanism and the Ukraine Facility. I am grateful to our partners for their consistent and predictable support, which strengthens Ukraine’s financial resilience. The funding is allocated to priority budget needs,” said Minister of Finance of Ukraine Sergii Marchenko.

Since February 2022, the European Union has been the largest provider of direct budget support to Ukraine, with EUR 50.5 billion for priority State Budget expenditures.