European Commissioner explains how EU will help Ukraine's budget until end of 2025

In 2025, the European Union will continue to financially support Ukraine through the proceeds of frozen Russian assets and the Ukraine Facility plan. Source: Vice President of the European Commission Valdis Dombrovskis during a meeting with journalists in Kyiv on 20 March, a correspondent of European Pravda reports Details: Dombrovskis said that the plan to finance Ukraine under the ERA [at the expense of proceeds from frozen assets - ed.] is to "continue [to provide] EUR1 billion monthly, and then in December - EUR6 billion to cover the beginning of 2026".

"Under the Ukraine Facility, we plan to disburse the next EUR4.5 billion tranche in April, but this also depends on certain conditions being met," he added.

Background:

• In 2024, the G7 agreed to jointly provide Ukraine with a US£50 billion loan insured with Russian assets: the funds will be provided formally as a loan but will be repaid from the proceeds of frozen Russian assets.
• The EU is to transfer a total of EUR18.1 billion under this mechanism.

  Earlier on Thursday 20 March the European Commission transferred an additional EUR1 billion tranche to Ukraine.

• The Ukraine Facility programme, which came into force on 1 March 2024, provides up to EUR50 billion in stable funding in the form of grants and loans to support the recovery, reconstruction and modernisation of Ukraine for the period from 2024 to 2027.

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