Ukraine has received €1 billion from the EU, secured by profits from Russian assets, under the Extraordinary Revenue Acceleration (ERA) programme.
Prime Minister Denys Shmyhal announced this.
"Ukraine has received €1 billion from the EU under the ERA programme. These funds are secured by profits from the immobilized assets of Russia's central bank. We will direct this financing to cover critical budget expenditures and strengthen our state," he wrote.
According to Shmyhal, this tranche is "part of a fair and consistent approach: the aggressor must pay for the destruction it has brought to our land."
The head of the government expressed gratitude to the EU and G7 partners for the effective mechanism. He noted that Ukraine expects the full confiscation of assets and the strengthening of sanctions in response to Russia's atrocities.
