EU Disburses €1 Billion to Ukraine From Frozen Russian Assets Under €45 Billion G7 ERA; Italy Funds €63 Million Odesa Projects

5 posts • GPT (4.1 mini)

Published May 8, 2025, 11:15 AM

The European Union has disbursed an additional €1 billion to Ukraine under the €45 billion G7 Extraordinary Revenue Acceleration (ERA) initiative. This payment follows €6 billion already delivered to Kyiv, with a further €12.1 billion scheduled for distribution later this year. Ukrainian Prime Minister Denys Shmyhal confirmed that these funds, sourced from the proceeds of frozen assets of the Central Bank of Russia, will be used to cover critical budget expenditures and strengthen the state. Additionally, Italy announced plans to finance three large-scale projects in Ukraine's Odesa region, focusing on cultural heritage, healthcare, and agricultural infrastructure, with a total investment exceeding €63 million.

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#European Union #Ukraine #G7 Extraordinary Revenue Acceleration #Kyiv #Ukrainian #Denys Shmyhal #Central Bank of Russia #Italy #Odesa

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Sources

intent.press

🪖MilitaryNewsUA🇺🇦

@front_ukrainian

❗️🇺🇦Ukraine receives €1 billion from 🇪🇺EU under ERA program — Ukrainian Prime Minister Shmyhal The tranche is secured by the income account from frozen Russian assets. The funds will be used to cover critical budget expenditures. https://t.co/TLHVGhFUmz

MAKS 24 🇺🇦👀

@Maks_NAFO_FELLA

🇪🇺🇺🇦 Ukraine has received €1 billion from the EU under the ERA program, - PM Shmyhal These funds are provided by the proceeds from the frozen assets of the Central Bank of Russia. We will direct these finances to cover critical budget expenditures and strengthen our state. https://t.co/KaW898sEj1

ایران اینترنشنال - خبر فوری

@IranIntlbrk

The European Commission announces it has paid the fourth installment of a macro-bailout loan to Ukraine worth one billion euros The loan has been repaid in the form of a €45 billion Group 7 scheme