Ukraine receives 1 billion euro EU loan funded by frozen Russian assets

Ukraine has received another 1 billion euro ($1.16) installment from the European Union under the ERA Loans macro-financial assistance program, that is funded with Russia’s frozen assets.

The funds came from profits generated by frozen assets of the Russian Central Bank, Ukrainian Prime Minister Yulia Svyrydenko said, as European Pravda reported.

“This is more than aid — it is a clear signal that Europe is firmly strengthening Ukraine’s defense and resilience against massive missile attacks and attempts at destabilization,” Svyrydenko said.

She also thanked the European Commission leadership for their unwavering support for Ukraine.

“These funds mean saved lives, rebuilt cities, and a secure European future for Ukraine. The aggressor must pay — justice will prevail,” Svyrydenko said.

This marks the eighth disbursement from the EU under the G7 Extraordinary Revenue Acceleration initiative, which channels financial resources to Ukraine using profits from frozen Russian assets. 

Under the program, Ukraine is expected to receive a total of $50 billion, with the EU contributing over 18 billion euros ($21 billion).

Ukrainian Finance Minister Serhii Marchenko said the funds will help ensure timely social payments, restore critical infrastructure, and maintain economic stability during ongoing conditions.

“Financial support from the European Union significantly strengthens Ukraine’s ability to withstand a full-scale war and move closer to victory,” Marchenko said.

Since Feb. 2022, the EU has been Ukraine’s largest provider of direct budget support, delivering 58.5 billion euros ($68.3 billion) for priority government expenditures. In the first eight months of 2025 alone, Ukraine received over 16.5 billion euros ($19.2 billion) from the EU.