{"id":886,"date":"2025-01-10T12:45:04","date_gmt":"2025-01-10T12:45:04","guid":{"rendered":"https:\/\/www.euro-tv.ro\/news\/eu-provides-ukraine-with-3-billion-first-tranche-of-loans-from-bloc-backed-by-russian-frozen-assets\/"},"modified":"2025-01-10T12:45:04","modified_gmt":"2025-01-10T12:45:04","slug":"eu-provides-ukraine-with-3-billion-first-tranche-of-loans-from-bloc-backed-by-russian-frozen-assets","status":"publish","type":"post","link":"https:\/\/www.euro-tv.ro\/news\/eu-provides-ukraine-with-3-billion-first-tranche-of-loans-from-bloc-backed-by-russian-frozen-assets\/","title":{"rendered":"EU provides Ukraine with $3 billion, first tranche of loans from bloc backed by Russian frozen assets"},"content":{"rendered":"
\"EU<\/p>\n

Ukraine has received 3 billion euros ($3 .09 billion) from the EU, the first tranche of loans from the bloc funded by proceeds of frozen Russian assets, Prime Minister Denys Shmyhal said on Jan. 10.<\/p>\n

The money has been provided through the Extraordinary Revenue Acceleration (ERA) initiative, in which G7 countries pledged to provide Ukraine<\/a> with a $50 billion loan, with the EU<\/a> contributing about $20 billion.<\/p>\n

“This is the first tranche of funds from the European Union, secured through income from frozen Russian assets,” Shmyhal<\/a> said in a post on Telegram.<\/p>\n

“In this way, we are implementing the principle of ‘Russia will pay’ and strengthening Ukraine’s financial stability in 2025,” <\/a>he added.<\/p>\n

The U.S. Treasury Department announced in December that it will provide $20 billion in loan assistance<\/a> to Ukraine, marking its contribution to the initiative.<\/p>\n

While Western countries have frozen $300 billion in Russian assets<\/a>, they can only access the annual income generated by these funds, approximately $3.2 billion.<\/p>\n

These profits will back the $50-billion loan to Kyiv, while the vast majority of the assets are frozen in European countries<\/a>.<\/p>\n

Speaking<\/a> at the G7 summit in June, President Volodymyr Zelensky<\/a> called for a mechanism to fully confiscate the frozen Russian funds<\/a>, highlighting their potential to bolster Ukraine’s long-term recovery.<\/p>\n

According to October reports, the G7 plans to keep these Russian assets immobilized<\/a> even after the war ends.<\/p>\n

<\/p>\n
\n
Russia\u2019s gas sector is running out of options after end of transit deal<\/div>\n
Ukraine\u2019s decision to end the gas transit deal with Russian energy giant Gazprom has been hailed by President Volodymyr Zelensky as one of Moscow\u2019s biggest defeats. \u201cWhen (Russian President) Vladimir Putin was handed power in Russia over 25 years ago, the annual gas pumping through Ukraine to Europ\u2026<\/div>\n
\"EUThe Kyiv Independent<\/span>Dominic Culverwell<\/span><\/div>\n<\/div>\n
\"EU<\/div>\n

<\/a><\/figure>\n<\/div>\n

– https:\/\/kyivindependent.com\/tag\/ukraine\/rss\/<\/p>\n

This article appeared on the websitekyivindependent.com
\nThis article is taken based on Law no. 8\/1996 of Romania. News does not enjoy copyright, so they can be taken, this is our right to take news and information in its entirety and distribute them further. The content was made available to us through the rss mechanism
\nOriginal Content<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ukraine has received 3 billion euros ($3 .09 billion) from the EU, the first tranche of loans from the bloc funded by proceeds of frozen Russian assets, Prime Minister Denys Shmyhal said on Jan. 10. The money has been provided through the Extraordinary Revenue Acceleration (ERA) initiative, in which G7 countries pledged to provide Ukraine […]<\/a><\/p>\n","protected":false},"author":12,"featured_media":887,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1152,1],"tags":[1378,1555,1553,1549,1552,108,75,379,746,1554,1551,43,1548,587,1550,66,320],"class_list":["post-886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kyivindependent","category-news","tag-1378","tag-assets","tag-backed","tag-billion","tag-bloc","tag-by","tag-eu","tag-first","tag-from","tag-frozen","tag-loans","tag-of","tag-provides","tag-russian","tag-tranche","tag-ukraine","tag-with"],"yoast_head":"\nEU provides Ukraine with $3 billion, first tranche of loans from bloc backed by Russian frozen assets - News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.euro-tv.ro\/news\/eu-provides-ukraine-with-3-billion-first-tranche-of-loans-from-bloc-backed-by-russian-frozen-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU provides Ukraine with $3 billion, first tranche of loans from bloc backed by Russian frozen assets - News\" \/>\n<meta property=\"og:description\" content=\"Ukraine has received 3 billion euros ($3 .09 billion) from the EU, the first tranche of loans from the bloc funded by proceeds of frozen Russian assets, Prime Minister Denys Shmyhal said on Jan. 10. 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