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EU to allocate $36 billion of financial support to Ukraine

EU to allocate $36 billion of financial support to Ukraine

Kyiv Independent
By Ukraine
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The European Union will provide 35 billion euros ($36 billion) in financial assistance to Ukraine in 2025 through the G7 ERA credit initiative and the Ukraine Facility program, European Commission's vice-president and trade commissioner announced on Jan. 22.

On Jan. 10, Ukraine received three billion euros ($3 .09 billion) from the EU, the first tranche of loans from the bloc funded by proceeds of frozen Russian assets.

The money has been provided through the Extraordinary Revenue Acceleration (ERA) initiative, in which G7 countries pledged to provide Ukraine with almost $50 billion loan, with the EU contributing around $20 billion.

In December 2024, the U.S. Treasury Department announced a $20 billion loan to Ukraine as part of the ERA initiative, backed by the proceeds from approximately $300 billion in frozen Russian assets, primarily held in European countries, with smaller amounts in the United States and Japan.

‘We can do it the easy way or the hard way,’ Trump says to Russia on ending the war in Ukraine
“If a deal is not reached, I will have no other choice but to put high levels of taxes, tariffs, and sanctions on anything being sold by Russia to the United States and other participating countries,” President Donald Trump posted on his social media platform Truth Social.
EU to allocate $36 billion of financial support to UkraineThe Kyiv IndependentTim Zadorozhnyy
EU to allocate $36 billion of financial support to Ukraine



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