October 20, 2025
Shmygal after the conversation with Dombrovskis: Ukraine expects the next tranche under the ERA in October thumbnail
Economy

Shmygal after the conversation with Dombrovskis: Ukraine expects the next tranche under the ERA in October

“We coordinated our needs, priority projects and the involvement of Ukrainian defense and military enterprises in them,” the Minister of Defense said”, — write: www.radiosvoboda.org

Defense Minister Denys Shmyhal held a conversation with the European Commissioner for Economy and Productivity Valdis Dombrovskis on October 24.

According to him, great attention was paid to the implementation of the SAFE instrument – a defense initiative of the European Union in the amount of 150 billion euros.

“We coordinated our needs, priority projects and the involvement of Ukrainian defense and military enterprises in them. Financing of Ukraine’s defense needs was also discussed, in particular through the ERA mechanism. We expect the next tranche already in October,” the minister said.

In addition, the conversation concerned the confiscation of frozen Russian assets and the next package of sanctions.

“The EU has already agreed on the 19th package of sanctions, we are counting on its approval as soon as possible. Together, we strengthen the stability of Ukraine and the security of Europe,” Shmyhal added.

Dombrovskis reported on the conversation, noting that it specifically involved ERA aid due in October and reconstruction loans:

“Credit for reparations: Ukraine repays only when Russia pays reparations.”

Earlier, the Reuters agency reported with reference to EU officials that that the “reparation loan” of the European Union for Ukraine can amount to 130 billion euros.

In August, Ukraine is next received 1 billion euros within the framework of the ERA instrument at the expense of frozen Russian assets.

Extraordinary Revenue Acceleration is a G7 initiative, which provides financial resources to Kyiv at the expense of revenues from frozen assets of Russia.

Related posts

On October 10, EU finance ministers will discuss the reparation loan to Ukraine and the economic situation in Russia

cccv

Zelensky discussed the use of Russian assets with the head of the European Central Bank

cccv

The EU and Ukraine extended the “transport visa-free” for 15 months

cccv

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More