Ukraine's state budget has received 3 billion euros from the European Union as part of the ERA initiative, announced Prime Minister Denys Shmyhal.
"This is the first tranche of funds from the EU, secured by income from frozen Russian assets. Ukraine will allocate these resources to priority budget expenditures," - wrote Shmyhal on his Telegram channel.
The Prime Minister reminded that the G7 ERA initiative aims to direct 50 billion dollars to Ukraine, of which 20 billion dollars will be provided by the EU.
European Commission President Ursula von der Leyen noted that nearly three years after the full-scale aggression of the Russian Federation, "Ukraine can continue to rely on its friends and partners."
"Today we are transferring 3 billion euros to Ukraine — the first payment as part of the EU G7 loan. This gives Ukraine the financial strength to continue fighting for its freedom — and to win," - wrote von der Leyen on social media X on Friday.