The European Commission has disbursed a new tranche of macro-financial assistance to Ukraine totaling 1 billion euros under the G7 Extraordinary Revenue Acceleration program, which is funded by profits from frozen Russian assets.

Details: The symbolic timing of the 1 billion euro disbursement coincides with the Day of Memory and Victory over Nazism in World War II.

Overall, the macro-financial assistance amounts to 18.1 billion euros and represents the EU's contribution to the G7 initiative aimed at providing approximately 45 billion euros in financial support to Ukraine.

This funding is expected to be repaid through revenues from frozen Russian state assets in the EU. With this payment, the total amount of loans to Ukraine from the Commission under this program will reach 6 billion euros in 2025.

Prime Minister Denys Shmyhal stated that these funds will be directed towards covering critical budget expenditures and strengthening the state.

“This tranche is part of a fair and consistent approach: the aggressor must pay for the destruction it has brought to our land. We look forward to the next step – full confiscation of assets and strengthening sanctions in response to Russia's atrocities,” he wrote.

The statement also emphasized that the European Commission is ready to provide advance financing as part of the EU's contribution to the ERA initiative if needed.

It is worth noting that in 2024, the G7 agreed to jointly provide Ukraine with a loan of $50 billion funded by Russian assets: these funds will be formally provided as a loan but will be repaid through revenues from frozen Russian assets.

At the end of December 2024, Ukraine received the first tranche from the US of the planned $20 billion American contribution, and in January 2025, the first 3 billion euros from the EU.

On April 9, the EU transferred a tranche of 1 billion euros to Ukraine under the “Extraordinary Credit Support for Ukraine” initiative.