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Ukraine secures $1 billion from EU funded by frozen Russian assets

global.espreso.tv
Wed, 10 Sep 2025 16:31:00 +0300
Ukraine secures $1 billion from EU funded by frozen Russian assets
Ukraine's Ministry of Finance reported the information.In total, within the framework of the ERA initiative, the Ministry of Finance has already attracted €10 billion from the European Union. The remaining funds from the EU are expected to be received in parts until the end of 2025."I am grateful to our European partners for their steady and predictable support, which strengthens Ukraine’s financial resilience. The funds received will make it possible to finance priority budget expenditures. Thanks to this assistance, we can ensure social payments on time, restore critically important infrastructure, and keep the economy stable even under extremely difficult conditions. The EU’s financial support significantly enhances Ukraine’s ability to withstand the full-scale war and brings victory closer," said Ukraine’s Finance Minister Serhii Marchenko.Note: The ERA initiative envisions directing $50 billion to Ukraine, secured by future revenues from frozen Russian assets. The EU’s contribution amounts to €18.1 billion ($20 billion).Earlier, Belgium’s Foreign Minister, Maxime Prévot, stated that his country would not transfer frozen Russian assets to Ukraine, arguing that it would allegedly undermine trust in the euro and Brussels as a "financial services center."
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