The European Commission announced today that the EU has disbursed the first installment of €3 billion to Ukraine, funded by the extraordinary revenues from frozen Russian assets in Europe.

European Commission President Ursula von der Leyen stated on “X”:
“Almost three years after Russia’s aggressive war, Ukraine can continue to count on its friends and partners. Today, we deliver €3 billion to Ukraine, the first payment of the EU’s part of the G7 loan. We are giving Ukraine the financial strength to keep fighting for its freedom—and to prevail.”

Specifically, the European Commission announced that the first tranche of €3 billion under the extraordinary Macro-Financial Assistance (MFA) loan for Ukraine was disbursed today. This loan will be repaid using revenues from immobilized Russian state assets within the EU. The loan, amounting to €18.1 billion, represents the EU’s contribution to the G7-led Extraordinary Revenue Acceleration (ERA) initiative, which collectively aims to provide about €45 billion in financial support to Ukraine.

This Macro-Financial Assistance is vital to addressing Ukraine’s urgent fiscal needs, which have escalated significantly due to Russia’s ongoing and prolonged aggressive war. With steady, regular, and predictable financial support of up to €18.1 billion for 2025 under this mechanism, Ukraine will be able to sustain its current and future military requirements, budgets, and reconstruction efforts. This loan ensures macroeconomic stability and facilitates the restoration of critical infrastructure damaged by Russia, such as energy facilities, water systems, transport networks, roads, and bridges. Additionally, the loan can directly support Ukraine’s military expenditures. At the same time, by stabilizing public finances, this aid will enable Ukraine to allocate resources to other priority expenditures, including defense infrastructure against Russian aggression.

Since the start of Russia’s aggressive war against Ukraine, the EU, its member states, and European financial institutions have collectively provided nearly €134 billion in support, including today’s disbursement.