Today the European Union is taking steps to enhance its support for Ukraine.

Ursula von der Leyen, President of the European Commission, stated: “Our commitment to Ukraine remains steadfast. We are working on all fronts to strengthen the country and support a just and lasting peace on Ukraines terms. Todays disbursement and agreements are also an investment in a shared future. We are supporting Ukraines impressive reform efforts and deepening our ties—from space, security and defence to building a thriving business environment. Ми з вами. We are with you.”

Additional €1 billion of support under G7 loan

The European Commission has disbursed an additional €1 billion tranche of its exceptional Macro-Financial Assistance (MFA) loan to Ukraine, to be repaid with proceeds from immobilised Russian State assets in the EU. This reinforces the EUs role as the largest donor since the beginning of Russias war against Ukraine. This payment brings the total MFA disbursements to Ukraine to €5 billion.

The EUs €18.1 billion Macro-Financial Assistance (MFA) forms part of the G7-led Extraordinary Revenue Acceleration (ERA) initiative, which aims to provide around €45 billion in support to Ukraine. This funding addresses Ukraines urgent budgetary needs, which have grown due to Russias ongoing war of aggression. It will help Ukraine sustain military and reconstruction efforts, including the repair of critical infrastructure like energy, water, and transport systems.

The Commission stands ready to frontload the remaining MFA funds in line with the countrys needs, as called for by the European leaders in the Special European Council in early March.

EU receives €2.1 Billion in revenue from immobilised assets to be disbursed to Ukraine

This week the EU has requested EUR 2.1 billion in windfall profits generated from immobilised assets of the Russian Central Bank, held by the Central Securities Depositories (CSDs). This receipt of this amount will mark the second transfer of its kind, following a first tranche delivered in July 2024. It covers revenues accumulated during the second half of 2024.

These funds come from assets of the Russian Central Bank which are immobilised under EU sanctions imposed in response to Russias ongoing war of aggression against Ukraine. While the assets themselves remain blocked, the extraordinary revenues they generate over time are used to support Ukraine. The proceeds from this tranche will be channelled via the European Peace Facility, as agreed by the Council in 2024, and the Ukraine Facility to help strengthen Ukraines defence capabilities and contribute to the countrys recovery and reconstruction.

This measure is part of the EUs continued commitment to stand with Ukraine for as long as it takes. Subsequent tranches will be provided to Ukraine principally to enable it to ensure the repayment of the funds it receives from the G7-led Extraordinary ERA initiative, while a limited portion will continue to be channelled through the European Peace Facility.

Tenth meeting of the EU-Ukraine Association Council

Today, the tenth meeting of the EU-Ukraine Association Council is taking place in Brussels. It will discuss political matters and bilateral relations.

During a restricted session, the EU and Ukraine will exchange views on the situation following Russias war of aggression, focusing on the military, economic and humanitarian situation on the ground and the response to Russias war.

They will then touch on wider global and regional issues. The meeting will also be the opportunity to discuss more on topics on the bilateral agenda. These include the implementation of the Association Agreement, since the start of Russias war of aggression; the issue of reconstruction and reforms in Ukraine; and the EU financial assistance.

The meeting will be chaired Denys Shmyhal, Prime Minister of Ukraine and the Delegation of the EU will be headed by Kaja Kallas, High Representative of the European Union for Foreign Affairs and Security Policy.

Five new EU-Ukraine agreements were signed today

In the margins of the Association Council between Ukraine and the EU, five agreements were signed today.

These include three finance contracts worth €300 million between the European Investment Bank and Ukraine, supporting key operations that address Ukraines most pressing recovery needs. The funding will empower local actors to swiftly rebuild essential infrastructure such as water systems and energy-efficient facilities, alleviating pressure on government administration while ensuring effective delivery. Backed by the European Union through the Ukraine Facility, these projects reflect our steadfast commitment to Ukraines recovery and long-term resilience. They will deliver tangible benefits to people and businesses across the country at a time when they are most needed.

In addition, the Commission signed an agreement on Ukraines participation in the Copernicus component, as well as in the Space Weather Events and Near-Earth Object sub-components of the EU Space Programme. This agreement will bring significant benefits to Ukraine—for example, access to the future Space Weather service, which will protect Ukrainian satellites from disruptions caused by space weather events. It also plays a crucial role in post-war damage assessment and reconstruction, as the EU Space Programme includes some of the most advanced space technologies.

Ukraine also signed the agreement on the procure medical countermeasures against serious cross-border health threats, which allows all signatories, including the EU and other candidate countries, to jointly procure medical countermeasures. Ukraine will gain faster, more equitable, and often more affordable access to essential medicines and medical products, ensuring protection for their citizens and patients in times of health emergencies.

EU-Ukraine Business Summit

A major business summit co-hosted by the European Commission, the Ukrainian government, the Polish Presidency of the EU Council, and Italy, will also take place tomorrow and Friday. The EU-Ukraine Business Summit aims to support Ukraines reconstruction and reform efforts, with over 700 stakeholders attending to discuss ways to strengthen the countrys business climate and unlock investment.

On this occasion, European Commissioner Marta Kos and Ukrainian Prime Minister Denys Shmyhal will launch a new EU-Ukraine Business Partnership. This initiative seeks to deepen economic ties between the EU and Ukraine, accelerating the countrys recovery and supporting its path to EU accession and integration into the EU Single Market.

During this event, the European Commission will also announce a new call for expressions of interest, encouraging EU companies to invest in Ukraines reconstruction. The call will be open until October 10, 2025, and will include opportunities for joint ventures with Ukrainian partners. A press conference with Commissioner Marta Kos, Deputy Prime Minister of Ukraine Olha Stefanishyna, and Minister for European Union of Poland Adam Szłapka will take place on 10 April from 10:20 to 10:50, broadcast live on EBS+.