The principle “Russia will pay” is implemented and the financial stability of Ukraine is strengthening, Denis Shmygal said.
The state budget of Ukraine received 3 billion euros from the European Union as part of a joint loan from the G7, for the payment of which the frozen assets of the Russian Federation are used. Prime Minister Denis Shmyhal announced this on Telegram on Friday. January 10.
“This is the first tranche of funds from the European Union, secured by income from Russian fixed assets that Ukraine will use this resource for priority budget expenditures,” he wrote.
He recalled that in general, the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative provides for the allocation of $50 billion to Ukraine, of which $20 billion will be provided by the European Union.
“In this way we implement the principle “Russia will pay” and strengthen the financial stability of Ukraine in 2025,” added the head of the government.
We remind you that at the end of December the United States began to pay money to Ukraine within the limits of the G7 loan of $20 billion. The first tranche amounted to $1 billion.
It was also learned that the United States will allocate $15 billion to Ukraine, secured by future income from fixed assets of the Russian Federation.
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.