The Ministry of Finance explained where the EU tranche will go from the frozen assets of the Russian Federation.

Ukraine will receive another 1 billion euros tranche from the EU instead of frozen Russian assets

Ukraine will receive a new tranche from the European Union amounting to 1 billion euros instead of the frozen assets of the Russian Federation. These funds will be used for social, military expenses, and the restoration of critical infrastructure.

According to the Ministry of Finance, 4 billion euros have already been raised under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) program. ERA provides for the allocation of 50 billion US dollars to Ukraine, of which the EU provides 18.1 billion euros (20 billion US dollars). In January of this year, Ukraine already received the first tranche amounting to 3 billion euros.

'I am grateful to the EU countries for supporting the ERA mechanism and for this new tranche of 1 billion euros. This year we plan to receive the entire amount of money from the EU, which will cover Ukraine's budget needs until 2025-2026. Our next priority is the complete confiscation of frozen Russian assets. These funds will become a tool for Ukraine's recovery,' said Serhiy Marchenko from the Ministry of Finance.

According to official EU data, the frozen assets of the Russian Central Bank in the EU amount to 210 billion euros and are the largest such asset package in the world.