EU Transfers Over €4 Billion to Ukraine Ahead of Independence Day
The European Union has provided Ukraine with more than €4 billion in financial support on the eve of the country’s 34th Independence Day, combining allocations under the Ukraine Facility and funds from frozen Russian assets.
The Gaze reports this, referring to Ukraine’s Ministry of Finance and European Pravda.
According to the European Commission, the package includes a €3.05 billion tranche from the Ukraine Facility and €1 billion in exceptional macro-financial assistance.
“Ahead of Ukraine’s 34th Independence Day, the EU has sent a clear signal: our solidarity with Ukraine is unshakable. Today’s allocation of more than €4 billion is evidence of our firm commitment. This funding underlines our dedication not only to Ukraine’s recovery but also to its future as a sovereign and democratic country,” Commission President Ursula von der Leyen said.
At the same time, Ukraine’s Ministry of Finance stressed that the €1 billion portion of the package is tied to the G7’s Extraordinary Revenue Acceleration for Ukraine (ERA) initiative, which redirects revenues from frozen Russian assets to Kyiv.
The EU’s contribution to ERA amounts to €18.1 billion. The funds are intended to cover priority social and humanitarian expenditures.
Ukraine has already received more than €22.6 billion through the Ukraine Facility, with a total of about €50 billion earmarked for 2024–2027.
The Commission noted that while the latest tranche was smaller than initially planned, it reflects Ukraine’s progress on EU-linked reforms, including restoring the independence of the National Anti-Corruption Bureau and the Specialised Anti-Corruption Prosecutor’s Office.
Finance Minister Serhii Marchenko welcomed the support, stressing its stabilising effect: “Financial assistance from the European Union strengthens Ukraine’s ability to withstand the full-scale war. Thanks to these funds, we can steadily ensure social payments and maintain economic stability.”
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