State budget receives EUR 3 bln from EU under ERA initiative

12:49, 10.01.2025 1 min read

The state budget of Ukraine received EUR 3 billion from the European Union within the ERA initiative, Prime Minister Denys Shmyhal reported.

"This is the first tranche of funds from the European Union, which is provided by income from frozen Russian assets. Ukraine will direct this resource to priority budget expenditures," Shmyhal wrote on the Telegram channel.

The Prime Minister recalled that in general, the G7 ERA initiative provides for the allocation of $50 billion to Ukraine, of which $20 billion will be provided by the EU.