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EU transfers 1 billion euros to Ukraine from profits raised from seized Russian assets

European Commissioner for the Economy Valdis Dombrovskis noted that under the 45 bln euros G7 Extraordinary Revenue Acceleration initiative, Ukraine has already received 6 billion euros this year

BRUSSELS, May 8. /TASS/. The European Union transferred 1 billion euros to Kiev in the form of another tranche of income from the reinvestment of frozen Russian assets, European Commissioner for the Economy Valdis Dombrovskis announced.

"Ukraine has received a new 1 billion euros tranche of macro-financial assistance under the ERA loan. This payment is financed from the profits generated by immobilized Russian central bank assets," he wrote on the X social network.

Dombrovskis noted that under the 45 bln euros G7 Extraordinary Revenue Acceleration initiative, Ukraine has already received 6 billion euros this year and the European Commission intends to transfer another 12 billion to it in the future.

Earlier, the European Commission reported that the EU has spent a total of 150 billion euros on Ukraine since 2022.

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