“Vice-President of the European Commission, European Commissioner for Trade Valdis Dombrovskis promises that in 2025 the European Union will provide financial assistance to Ukraine in the amount of 35 billion euros within the framework of the G7 ERA credit initiative and the Ukraine Facility program.”, — write: www.pravda.com.ua
Source: Dombrovskis in the X social network, “European Truth” reports
Details: European Commissioner Dombrovskis emphasized that in 2025 Ukraine will receive EUR 35 billion in financial aid from the EU.
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“The EU provides (Ukraine) with financial support through the G7 ERA credit initiative and the Ukraine Facility in the amount of 35 billion euros for 2025,” he wrote after meeting with First Deputy Prime Minister of Ukraine Yulia Svyridenko in Davos.
Great to meet with @Svyrydenko_Y, Ukraine’s First Deputy PM, at #Davos2025. We discussed enlargement and steps to bring 🇺🇦 closer to the 🇪🇺EU’s Single Market. The EU is delivering financial support through the G7 ERA loan initiative and the Ukraine Facility, with €35bn for 2025. pic.twitter.com/iHQpg6kl1I
— Valdis Dombrovskis (@VDombrovskis) January 22, 2025
Valdis Dombrovskis also added that with Svyridenko they “discussed expansion and steps aimed at getting closer to the EU Single Market.”
We will remind you that earlier Yulia Svyridenko reported that Ukraine expects to receive 12.5 billion euros from the EU in 2025 as part of the Ukraine Facility.
Read more about the program in the article Ukraine Facility: what and under what conditions will 50 billion euros from the EU be spent.
The G7 Extraordinary Revenue Acceleration (ERA) initiative is funded by frozen Russian assets.
The Ukrainian government expected that the EU share in the G7 ERA would amount to 18.1 billion euros.