Ukraine receives €1 billion from EU in third tranche under ERA initiative

Ukrainian Prime Minister Denys Shmyhal announced this following a meeting with EU Commissioner for Economy and Productivity Valdis Dombrovskis in Brussels.

According to the Prime Minister, the EU funds will be directed toward Ukraine’s priority state budget expenditures.

In total, European partners have provided Ukraine with €5 billion under the ERA program.

During his meeting with Valdis Dombrovskis, Denys Shmyhal emphasized that Ukraine’s top priority is the full confiscation of frozen Russian sovereign assets, which should be used as a resource for the country's recovery. The Prime Minister noted that this issue received special attention in Brussels.

“We also discussed the macroeconomic situation, ongoing reforms, and Ukraine’s recovery process with Mr. Dombrovskis. We thank our partners for supporting our economy and the rapid rebuilding of our country,” the Prime Minister added.

• The Ukrainian government team arrived in Brussels, the capital of Belgium, on Wednesday, April 9, to participate in the 10th meeting of the Ukraine-EU Association Council.
• Earlier, the European Commission announced that the EU would provide Ukraine with €35 billion in financial aid this year, including through the G7's credit initiative ERA and the Ukraine Facility financial program. On March 7, Ukraine already received the first £752 million from the United Kingdom, secured by proceeds from frozen Russian assets.