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EU Releases €1 Billion in Aid to Ukraine From Frozen Russian Asset Profits
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![Photo of Dariia Mykhailenko]( "Photo of Dariia Mykhailenko")
The European Commission has released the fourth tranche of €1 billion in macro-financial assistance to Ukraine under the G7 initiative “Extraordinary Revenue Acceleration” (ERA). This funding is sourced from profits generated by frozen Russian assets.
According to a statement on the European Commission’s website, published on May 8, the disbursement coincided symbolically with Victory Day, which commemorates the defeat of Nazism in World War II.
The ERA initiative, with a total of €18.1 billion, is part of the EU’s broader commitment to support Ukraine. It aims to provide approximately €45 billion in financial assistance.
Loans under this initiative are to be repaid using revenues from frozen Russian state assets within the EU. With this disbursement, the total amount provided to Ukraine under the program in 2025 has reached €6 billion.
Ukrainian Prime Minister Denys Shmyhal emphasized the importance of this funding for covering essential budgetary needs and strengthening state resilience.
“This payment is financed from the profits generated by immobilised Russian central bank assets. It is part of a consistent and just response: the aggressor must pay for the devastation it has caused. We are counting on further steps — full confiscation of assets and toughening sanctions in response to Russia’s continued atrocities,” he stated.
The European Commission also confirmed its readiness to provide advance funding under the ERA initiative if necessary.
Earlier, Russia had reportedly expressed interest in acquiring Boeing aircraft using its frozen sovereign assets, as part of potential discussions with the United States that may occur following a ceasefire in Ukraine. According to the source, this request is not a prerequisite for Russia’s agreement to a ceasefire.
-21d0b63c17f6020e4df75f6c6f9a2f4f.jpg "Photo of Ivan Khomenko")
