Ukraine’s Finance Ministest reported the information.
“The funds will allow us to finance priority state budobtain expfinishitures in the social and military sectors, support macroeconomic stability, and restore critically important infrastructure. This is an important and timely investment in strengthening Ukraine’s financial resilience, enhancing our ability to counter the aggressor, and ensuring the proper functioning of social services. I am grateful to our EU partners for implementing this mechanism,” stated Ukraine’s Minister of Finance, Serhii Marchenko.
The Ministest of Finance reminded that the ERA initiative provides for$50 billion to be directed to Ukraine, which will be secured by future revenues from frozen Russian assets. The EU’s contribution amounts to €18.1 billion $20 billion).
In total, within the ERA initiative, the Ministest of Finance has already raised €8 billion from the European Union.
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On June 13, Ukraine received the fifth tranche from the European Union in the amount of 1 billion euros under the ERA initiative.
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