US EditionEU provides Ukraine with $1 billion tranche under G7 loan covered by Russian assets
- On May 8, 2025, Ukraine received a 1 billion euro installment from the European Union as part of a G7-supported program that provides funding using income generated from frozen Russian assets.
- This payment follows Russia’s full-scale invasion in February 2022 and is financed by profits generated from frozen Russian central bank assets.
- This tranche marks the fourth installment through the ERA initiative, which contributes to the G7’s overall pledge of up to $50 billion in aid to Ukraine by 2025.
- Prime Minister Denys Shmyhal said the funds will cover critical budget expenditures and stabilize Ukraine, adding, “the aggressor must pay for the destruction.”
- This financial mechanism sets a precedent for war reparations through frozen asset profits and Ukraine expects further asset confiscations and stronger sanctions.
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Baltics Renew Push for Seizure of Russian Frozen Assets
(Bloomberg) — Lithuania is appealing to Germany’s new chancellor, Friedrich Merz, to come on board with a proposal to seize Russia’s immobilized central bank assets as the European Union debates ways to finance support for Ukraine.
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