Ukraine has received €1bn from the EU under the ERA (European Reconstruction Assistance) programme, Prime Minister Denys Shmyhal has said.
“These funds are provided by the proceeds from the immobilised assets of the Russian central bank. We will use these funds to cover critical budget expenditures and strengthen our state,” the Prime Minister wrote.
He noted that this tranche is part of a fair and consistent approach: the Russian side must pay for the destruction it has brought to our land.
“We are grateful to the EU and G7 partners for an effective mechanism. We are looking forward to the next step – full confiscation of assets and tougher sanctions in response to Russia’s atrocities,” Shmyhal wrote.
- The ERA programme provides up to €50 billion in EU assistance to Ukraine for the period 2024–2027. Part of the funding comes from the proceeds of frozen Russian assets in the EU.