Ukraine receives an additional €1 billion under G7 loan initiative
Today, the European Commission disbursed the fourth tranche of its macro-financial assistance to Ukraine, worth €1 billion, reaffirming the EUs role as Ukraines largest donor since the onset of Russias war of aggression. This disbursement coincides with Ukraines Day of Remembrance and Victory over Nazism in World War II.
The total macro-financial assistance amounts to €18.1 billion and forms part of the G7-led Extraordinary Revenue Acceleration (ERA) loans initiative, collectively aimed at providing approximately €45 billion in financial support to Ukraine. These loans are to be repaid using proceeds from immobilised Russian State assets in the EU. With this payment, the Commissions total lending to Ukraine under this macro-financial assistance reaches €6 billion since the start of the year.
As agreed by European leaders at the Special European Council in March, reiterated by President Ursula von der Leyen, the Commission is prepared to advance the EUs contribution to the ERA loans initiative if needed. It remains in close contact with Ukrainian authorities regarding upcoming disbursements. Should Ukraine submit a request, the Commission stands ready to respond swiftly, enabling the EU to support any necessary increases in military expenditure in the coming weeks and months, ensuring Ukraines strong position ahead of any potential peace negotiations.
Valdis Dombrovskis, Commissioner for Economy and Productivity Implementation, said: The EU continues to support Ukraine – politically, financially, economically, and militarily. Today we are disbursing a further €1 billion under the €45 billion G7 Extraordinary Revenue Acceleration initiative – the 4th disbursement this year. This comes on top of the €6 billion already delivered to Kyiv so far in 2025, with a further €12.1 billion to be distributed later in the year. These loans are to be repaid with proceeds from immobilised Russian State assets in the EU – Russia will pay for the destruction it has caused to Ukraine.
(For more information: Balazs Ujvari - Tel.: +32 2 295 45 78; Francisca Marçal Santos - Tel.: +32 2 299 72 36)