Ukraine receives an additional €1 billion under G7 loan initiative

Today, the European Commission disbursed the fourth tranche of its exceptional macro-financial assistance (MFA) loan to Ukraine, worth €1 billion, reinforcing the EU's role as Ukraine's largest donor since the beginning of Russia's illegal war of aggression. Symbolically, the disbursement coincides with Ukraine's Day of Remembrance and Victory over Nazism in World War II.

In total, the MFA amounts to €18.1 billion and represents the EU's contribution to the G7-led Extraordinary Revenue Acceleration (ERA) loans initiative, which collectively aims to provide approximately €45 billion in financial support to Ukraine. These loans are to be repaid with proceeds from immobilised Russian State assets in the EU. With this payment, the Commission's total lending to Ukraine under this MFA reaches €6 billion since the start of the year.

As agreed by the European leaders in the Special European Council in early March, and reiterated by President Ursula von der Leyen, the Commission stands ready to frontload the EU contribution to the ERA loans initiative, if needed. It remains in close contact with the Ukrainian authorities concerning the upcoming disbursements. Should Ukraine submit a request, the Commission stands ready to respond swiftly. This would enable the EU to support any essential increases in military expenditure in the coming weeks and months, helping to ensure that Ukraine is in a strong position ahead of any potential peace negotiations.

Valdis Dombrovskis, Commissioner for Economy and Productivity Implementation and Simplification, said: “The EU continues to support Ukraine – politically, financially, economically and militarily. Today we are disbursing a further €1 billion under the €45 billion G7 Extraordinary Revenue Acceleration initiative – the 4th disbursement this year.  This comes on top of the €6 billion already delivered to Kyiv so far in 2025, with a further €12.1 billion to be distributed later in the year. These loans are to be repaid with proceeds from immobilised Russian State assets in the EU – Russia will pay for the destruction it has caused to Ukraine.”