ERA initiative

Ukraine gets $691 million World Bank grant from frozen Russian assets

Ukraine’s Finance Ministry and the World Bank signed a $690.8 million grant agreement under the PEACE project, the ministry said on Feb. 6.

7 February, 03:42 AM

EU approves nearly €6B in direct budget support for Ukraine, pledges help through 2025

The European Union on Nov. 13 approved nearly €6 billion in direct budgetary support for Ukraine, according to the Commission’s press service.

13 November 2025, 01:31 PM

Cabinet authorizes $7.9 billion in additional defense spending

Ukraine’s Cabinet of Ministers has approved changes to the 2025 state budget that will direct an extra UAH324.7 billion ($7.87 billion) to defense spending, Prime Minister Yulia Svyrydenko announced on Oct. 3.

6 October 2025, 10:42 PM

Ukraine secures $30.6B in external funding, shortfall remains for 2025

Ukraine has received $30.6 billion in external financing over 2025, and expects an additional $8.7 billion by the year's end, Finance Ministry wrote on Sept. 20.

22 September 2025, 12:37 PM

Ukraine closes 2025 funding gap, eyes 2026 stability

Ukraine's external financing needs for 2025 have been fully secured, Finance Minister Serhii Marchenko said on April 24.

25 April 2025, 10:25 AM

EU delivers €1B to Ukraine from interest on frozen Russian assets

The European Union has transferred €1 billion ($1.08 billion) to Ukraine as part of the G7’s Extraordinary Revenue Acceleration (ERA) initiative, which uses windfall profits generated from frozen Russian assets. Ukrainian Prime Minister Denys Shmyhal announced the funding after meeting with European Commissioner for Economy and Productivity Valdis Dombrovskis in Brussels on April 9.

9 April 2025, 05:12 PM

ERA initiative