“On May 8, Ukraine received the fourth tranche from the European Union within the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative. The total amount of the tranche was 1 billion euros, as reported by Prime Minister Denis Shmigal. “These funds were made possible by the profit from the frozen assets of the Central Bank of the Russian Federation. They will be used to cover important state budget expenditures and strengthen the country’s defense capability.”, – WRITE ON: ua.news
On May 8, Ukraine received the fourth tranche from the European Union within the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative. The total amount of the tranche was 1 billion euros, as reported by Prime Minister Denis Shmigal.
“These funds have become possible due to the profits from the frozen assets of the Central Bank of the Russian Federation. They will be used to cover important state budget expenditures and strengthen the country’s defense capability. This tranche is part of a fair approach: the aggressor must pay for what he did with our land, ”Shmigal emphasized on his Telegram page.
The Prime Minister also noted that the ERA mechanism is effective, but Ukraine is expecting further steps, in particular for the complete confiscation of Russian assets and strengthening sanctions due to Russia’s crimes.
This tranche became the first financial contribution to the EU in May.
Recently, the Italian government Listed The first EUR25 million tranche for the restoration of Ukraine’s energy system as part of a joint initiative with the European Bank for Reconstruction and Development (EBRD). The total cost of the project is EUR200 million.
The United Kingdom is April 14 sent Ukraine is £ 752 million ($ 990 million) within the credit mechanism of the Seven Group using frozen assets of Russia.
Recently, the Italian government has listed the first EUR25 million tranche to restore Ukraine’s energy system as part of a joint initiative with the European Bank for Reconstruction and Development (EBRD). The total cost of the project is EUR200 million. On April 14, the United Kingdom has sent Ukraine £ 752 million ($ 990 million) within the credit mechanism of the Seven Group with the use of frozen assets of Russia.
