Ukraine has received an additional tranche of macro-financial assistance from the European Union under the ERA loans program amounting to 1 billion euros ($1.2 billion), Prime Minister Yulia Svyrydenko said on Wednesday, Sept. 10.
The tranche was financed from the proceeds of frozen assets of the Russian Central Bank, Svyrydenko wrote on Telegram.
“This is more than aid – it is a clear signal: Europe is resolutely strengthening Ukraine’s defenses and resilience against massive missile attacks and attempts at destabilization,” she said.
Svyrydenko thanked European Commission President Ursula von der Leyen and European Commissioner Valdis Dombrovskis for their “leadership and steadfastness”, saying “this means lives saved, cities rebuilt and a secure European future for Ukraine.”
The Extraordinary Revenue Acceleration for Ukraine (ERA) mechanism is an initiative of the G7 countries to provide Ukraine with $50 billion in financial support repaid from the proceeds of frozen Russian state assets.
The EU’s total contribution to the ERA mechanism is expected to reach €18.1 billion ($20 billion).
As of July 2025, under the ERA initiative, Ukraine’s Ministry of Finance had already attracted €8 billion ($9.4 billion) from the European Union.
Some $264 billion in Russian sovereign assets remain frozen across the G7 jurisdictions, according to Transparency International Ukraine.
In August, the EU announced that it would channel €1.6 billion ($1.9 billion) in interest from frozen Russian central bank assets to Ukraine, with 95% earmarked to help Kyiv repay loans from G7 partners.