March 22, 2025
The Ministry of Finance told where the tranche will go for € 1 billion of the EU thumbnail
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The Ministry of Finance told where the tranche will go for € 1 billion of the EU

The second tranche of ERA initiative from the European Union, 1 billion euros will be focused on priority social, military needs, and restoration, in particular, critically important infrastructure. This was reported in the Ministry of Finance. “In general, within the framework of the ERA initiative, the Ministry of Finance has already attracted 4 billion euros from the European Union. Funds allow you to provide priority social, military needs, recovery, in particular, critically important”, – WRITE ON: ua.news

The second tranche of ERA initiative from the European Union, 1 billion euros will be focused on priority social, military needs, and restoration, in particular, critically important infrastructure.

This was reported in the Ministry of Finance.

“In general, within the framework of the ERA initiative, the Ministry of Finance has already attracted 4 billion euros from the European Union. Funds allow priority social, military needs, and restoration, in particular, critically important infrastructure, ”the message reads.

Our next priority is the complete confiscation of frozen Russian sovereign assets, the Minister of Finance Sergey Marchenko reminded.

“These funds should become a tool for the restoration of Ukraine,” he added.

The German government agreed to allocate an additional EUR 3 billion for military assistance to Ukraine in 2025. It happened after the Bundestag’s approval of billions of investments in defense and infrastructure this week.

Earlier, Sweden decided to allocate a $ 683 million military package to Ukraine. It was the 15th package and then a record for this country.

In 2025, the United Kingdom will allocate £ 4.5 billion for military assistance to Ukraine.

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