Ukraine has received its initial tranche of 3 billion euros (approximately $3.09 billion) from the European Union, part of a loan arrangement established by the Group of Seven (G7) nations and supported by revenues from frozen Russian sovereign assets, as announced by Kyiv and Brussels on Friday.
In October, G7 leaders committed to providing around $50 billion in loans to Ukraine through various channels.
“Today, we are delivering €3 billion to Ukraine, marking the first payment of the EU’s share of the G7 loan. This funding empowers Ukraine to continue its fight for freedom and ultimately succeed,” stated European Commission President Ursula von der Leyen on the social media platform X.
Ukrainian Prime Minister Denys Shmyhal confirmed the receipt of these funds in a statement via the Telegram app.
The funding mechanisms established by the G7 include a Macro-Financial Assistance Loan from the EU, the IMF’s Multi-Donor Administered Account for Ukraine, and a newly established Financial Intermediary Fund for Ukraine at the World Bank. In December 2024, the U.S. Treasury Department allocated the $20 billion U.S. portion of the G7 loan to the World Bank fund.
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