The EU Commission disbursed the first €3 billion tranche of a financial aid loan to loan for Ukraine Friday, to be repaid with proceeds from immobilised Russian State assets in the EU.
The exceptional Macro-Financial Assistance (MFA) loan for Ukraine, amounting up to €18.1 billion, 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.
This initial disbursement highlights the EU’s commitment to maintaining Ukraine’s macroeconomic and fiscal stability, rebuild vital infrastructure, including its energy systems and invest in defence infrastructure.
“We give Ukraine the financial power to continue fighting for its freedom – and prevail. Europe has provided nearly 134 billion euros of support to Ukraine so far,” said the Commission president Ursula von der Leyen: “And more will come. Just like the brave Ukrainian resistance, our support will be steadfast.”
The MFA is helping to address Ukraine’s urgent budgetary needs, which have considerably risen in the face of Russia’s intensified and prolonged war of aggression. With the stable, regular, and predictable financial support of up to €18.1 billion for 2025 under this instrument, Ukraine will be able to support its current and future military, budget and reconstruction needs.
This loan will be able to ensure macroeconomic stability and restore critical infrastructure destroyed by Russia, such as energy infrastructure, water systems, transport networks, roads and bridges.
The loan can be used by Ukraine to directly support its military expenses. At the same time, by stabilising public finances, this assistance will also enable Ukraine to allocate resources to other priority expenditures, including military defence infrastructure against Russian aggression.
