Ukraine received 1 billion euros from the EU at the expense of frozen assets of Russia – Shmigal

The European Union has transferred to Ukraine the third tranche of 1 billion euros within the limits of the “Extraordinary Credit Initiative for Support of Ukraine” (ERA).

About it reported Prime Minister Denis Shmigal on April 9, after meeting with the European Commissioner on Economics and Productivity Valdis Dombrovskis in Brussels.

According to him, the funds were received within the G7 mechanism and were provided with income from frozen Russian assets. They are directed to the priority expenditures of the State Budget of Ukraine.

“He stressed the meeting that our priority is the complete confiscation of frozen Russian sovereign assets, which should be used as a resource for the reconstruction of Ukraine. Special attention was paid to this issue, ”Shmigal said.

ERA is an initiative of the Seven Group and provides for $ 50 billion in Ukraine, of which 20 billion provides the European Union. In total, within the program, European allies have already provided Ukraine with 5 billion euros.