Ukraine received the fourth tranche from the European Union within the framework of the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative.
Prime Minister Denys Shmyhal announced this on the Telegram channel, the Ukrainian News agency reports.
"Ukraine received EUR 1 billion from the EU within the framework of the ERA program. These funds are provided at the expense of profits from immobilized assets of the Central Bank of Russia. We will direct these finances to cover critically important budget expenditures and strengthen our state," he said.
Shmyhal noted that this tranche is part of a fair and consistent approach: the aggressor must pay for the destruction that he brought to our land.
He expressed gratitude to the EU and G7 partners for an effective mechanism, and added that Ukraine is waiting for the next step - the complete confiscation of assets and strengthening of sanctions in response to the atrocities of the aggressor country russia.
As the Ukrainian News agency earlier reported, in April, Ukraine received the third tranche of EUR 1 billion from the EU under the G7 ERA initiative.
ERA provides for the allocation of USD 50 billion to Ukraine, of which the EU contribution is EUR 18.1 billion (USD 20 billion). In total, the Ministry of Finance has already attracted EUR 6 billion from the European Union under the ERA initiative. It is expected that Ukraine will receive the remaining funds from the EU in installments by the end of 2025.
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