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New $4.6 Billion EU Aid for Ukraine Secured from Frozen Russian Assets

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New $4.6 Billion EU Aid for Ukraine Secured from Frozen Russian Assets
EU and Ukrainian flags fly in the wind in front of the Berlaymont, the EU Commission headquarters in Brussels, Belgium. (Source: Getty Images)

Ukraine has received a $4.6 billion macro-financial aid tranche, secured from frozen Russian assets, from the EU as part of the ERA Loans mechanism , Ukrainian Prime Minister Yulia Svyrydenko announced on October 1.

This payment, made on Ukraine’s Defender’s Day, is symbolically tied to Ukraine’s ongoing defense efforts, Svyrydenko said.

The funds are secured from the frozen assets of Russia’s Central Bank in the European Union and send a strong message of Europe’s commitment to strengthening Ukraine’s defense and providing long-term support.

Svyrydenko expressed gratitude to European Commission President Ursula von der Leyen and EU Commissioner for Economy and Productivity Valdis Dombrovskis for their leadership.

She stressed that this aid will save lives, help rebuild cities, and solidify Ukraine’s European future.

Previously, it was reported that ahead of a European Council summit in Copenhagen, European Commission President Ursula von der Leyen had announced the EU’s commitment to invest $2.3 billion in drones for Ukraine, marking the bloc’s most significant step to enhance Kyiv’s battlefield capabilities with unmanned aerial systems.

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The ERA (Extraordinary Revenue Acceleration) mechanism is a G7-led initiative providing Ukraine with loans, totaling approximately USD 50 billion, to support its state budget and critical infrastructure needs.

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