"We are providing Ukraine with the financial means to continue its fight for freedom – and to achieve victory," she wrote.
In general, the G7 ERA initiative involves sending $50 billion to Ukraine, of which $18 billion will come from the EU.
Almost 3 years into Russia’s war of aggression, Ukraine can continue to rely on its friends and partners.
Today, we are delivering €3 billion to Ukraine, the first payment of the EU's portion of the G7 loan.
Empowering Ukraine financially to keep fighting for its freedom – and to succeed. pic.twitter.com/W9l7K1kfiV
The arrival of funds in the Ukrainian budget was confirmed by Prime Minister Denys Shmyhal during a briefing. He emphasized that the ERA program is funded by the assets of the aggressor country, Russia, which were frozen in Europe after the full-scale invasion of Ukraine began in February 2022.
"This demonstrates the unwavering support of the EU in countering Russian aggression, ensuring macroeconomic stability, and restoring critical infrastructure," he added.
On behalf of Ukraine, I extend my deepest thanks to President @vonderleyen and Commissioner @VDombrovskis for the disbursement of the first €3 billion tranche of the €18.1 billion exceptional Macro-Financial Assistance package. This MFA, part of the G7-led Extraordinary…
— Denys Shmyhal (@Denys_Shmyhal) January 10, 2025