The European Union will present Ukraine with €35 billion in monetary help by means of the G7 ERA mortgage initiative and the Ukraine Facility in 2025.
Supply: Valdis Dombrovskis, Vice-President of the European Fee and European Commissioner for Commerce, on X (Twitter), as reported by European Pravda
Particulars: Dombrovskis emphasised that Ukraine will obtain €35 billion in monetary support from the EU in 2025.
"The EU is delivering monetary assist by means of the G7 ERA mortgage initiative and the Ukraine Facility, with €35bn for 2025," Dombrovskis acknowledged following a gathering with Ukraine's First Deputy Prime Minister Yuliia Svyrydenko in Davos.
Nice to satisfy with @Svyrydenko_Y, Ukraine’s First Deputy PM, at #Davos2025. We mentioned enlargement and steps to convey 🇺🇦 nearer to the 🇪🇺EU’s Single Market. The EU is delivering monetary assist by means of the G7 ERA mortgage initiative and the Ukraine Facility, with €35bn for 2025. pic.twitter.com/iHQpg6kl1I
— Valdis Dombrovskis (@VDombrovskis) January 22, 2025
Dombrovskis additionally famous that he and Svyrydenko "mentioned enlargement and steps to convey Ukraine nearer to the EU’s Single Market".
Background:
- Svyrydenko talked about that Ukraine is about to obtain €12.5 billion from the EU in 2025 below the Ukraine Facility programme.
- The G7 Extraordinary Income Acceleration (ERA) initiative is funded by means of frozen Russian belongings.
- Ukraine has acquired the primary tranche of €3 billion from the quantity allotted by the European Union for a joint mortgage from the G7 to Ukraine. The overall quantity to be supplied by the EU below the G7 mortgage is about €18 billion.
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