September 29, 2025
Shmigal After talking to Dombrovskis: Ukraine is expecting the next tranche within ERA in October thumbnail
Economy

Shmigal After talking to Dombrovskis: Ukraine is expecting the next tranche within ERA in October

“Our needs, priority projects and attracting Ukrainian enterprises of the defense industry were coordinated,” the Minister of Defense said”, – WRITE: www.radiosvoboda.org

Defense Minister Denis Shmigal has a conversation with the European Commissioner on Economics and Productivity Valdis Dombrovskis on October 24.

According to him, much attention was paid to the implementation of the SAFE tool – a defense initiative of the European Union with a volume of € 150 billion.

“Our needs, priority projects and attracting Ukrainian enterprises of the defense industry have been coordinated. They also discussed the financing of Ukraine’s defense needs, in particular through the ERA mechanism. We are waiting for the next tranche 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 intensify Ukraine’s sustainability and the safety of Europe, ”Shmigal added.

Dombrovskis reported the conversation, remembering that in particular, it concerned the assistance within the ERA, which was to be received in October and loans for reconstruction:

“Credit on reparations: Ukraine is repaid only when Russia pays reparations.”

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

In August, Ukraine again received 1 billion euros as part of the ERA tool due to frozen Russian assets.

Extraordinary Revenue Acceleration is an G7 initiative that provides financial resources to Kyiv at the expense of income from frozen assets of Russia.

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