The EU submitted a request to obtain another $2.26 billion.
From: Kyiv Post by Olena Hrazhdan
Prime Minister Denys Shmyhal and European Commissioner Valdis Dombrovskis during a meeting in Brussels. Source: Ukraine’s government website.
Ukraine received a €1 billion ($1.08 billion) disbursement from the European Union under the G7-backed Extraordinary Revenue Acceleration (ERA) initiative, Prime Minister Denys Shmyhal announced following a meeting in Brussels with European Commissioner Valdis Dombrovskis on Wednesday, April 9.
The tranche will be directed toward covering “priority state budget expenditures,” the press release said.
It is the third payment to Ukraine through the ERA, financed by interest income from frozen Russian sovereign assets. The assets were frozen following Russia’s full-scale invasion of Ukraine in February 2022. Ukraine still aims to get the principal €210 billion ($227 billion) in immobilized Russian central bank assets.
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