“EUR 1 billion is provided within the ERA tool. Another 3.05 billion – as part of Ukraine Facility for Restoration and Integration”, – WRITE: www.radiosvoboda.org
According to her, 1 billion euro is provided within the ERA tool at the expense of frozen Russian assets. Another 3.05 billion is within Ukraine Facility for restoration and integration.
“This support strengthens both the state budget and the reconstruction process. I thank the European partners. Together, we are confident in the future of Ukraine in strong and united Europe, ”the head of government commented.
In July Ukraine Another tranche of 1 billion euros from the European Union within the framework of the ERA initiative of the Seven Group countries.
Read also: Ukraine Facility: The EU Council approved Ukraine’s tranche for more than 3.2 billion euros
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.
In the spring of 2024 the EU Council adopted a plan for Ukraine facility that Defines the intentions of the Government of Ukraine on the restoration, reconstruction and modernization of the country, as well as the reforms it plans to implement as part of the EU accession process over the next four years.
The program provides stable financing in the form of grants and loans worth up to 50 billion euros for the period from 2024 to 2027.
