The EU Funds Initial €3 Billion Loan to Ukraine by Transferring Russian Assets

January 10, 2025

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“Today, we have transferred 3 billion euros to Ukraine. This marks the first payment from the European portion of the loan arrangement established by the G7 members,” announced spokesman Maciej Berestecki during the Commission’s daily briefing.

“This financial support will assist Ukraine in fulfilling its budgetary requirements for 2025,” the spokesman stated. The funds are intended to help Kyiv “sustain its macroeconomic stability, rebuild critical infrastructure damaged by Russia, and focus on key expenditures, particularly in defense.”

Last year, the G7 made a commitment to provide Ukraine with a $45 billion loan, funded by the returns from approximately 210 billion euros worth of frozen Russian assets held in the EU, primarily at Euroclear in Belgium. The European Union has pledged to contribute over 18 billion euros.

Additional payments are slated to occur from March to November, with each installment totaling 1 billion euros, as per a press release. The final transfer of 6.1 billion euros is scheduled for December.

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The EU Funds Initial €3 Billion Loan to Ukraine by Transferring Russian Assets

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