“The Ministry of Finance reminds you that ERA provides to Ukraine with $ 50 billion at the expense of future income from frozen assets of”, – WRITE: www.radiosvoboda.org
The Ministry of Finance reminds that ERA provides to Ukraine with $ 50 billion at the expense of future income from frozen assets of Russia. The EU contribution is 18.1 billion euros. In total, the department has already attracted 8 billion euros from the block.
According to Minister Sergiy Marchenko, the tranche will finance priority social and military expenditures of the state budget, maintain macroeconomic stability and restore critically important infrastructure.
“It is an important and timely investment in strengthening Ukraine’s financial stability, strengthening our ability to counteract the aggressor and ensure the proper functioning of social services. I am grateful to the EU partners for the implementation of this mechanism, ”he said.
Schmigal reported that the government is directing the funds received for the sustainability of Ukraine and “fast rebuilding”.
“The ERA initiative gives a good result, but we will not stop there. At the URC-2025 we call our partners together with us to form legal instruments of complete confiscation of all Russian assets, ”he added.
The Extraordinary Revenue Acceleration (ERA) of G7 provides Ukraine with approximately $ 50 billion in the form of loans secured by profit from frozen Russian sovereign assets. These funds are aimed at supporting the budget, military needs and restoration of Ukraine’s infrastructure.
