FinancePolitics Ukraine receives the primary tranche of EU funds from frozen Russian belongings. Monday, January 13, 2025 
Ukraine acquired €3B from the EU as a part of the ERA initiative, the primary tranche of EU funds supplied by income from frozen Russian belongings. Ukraine will direct this to precedence funds expenditures. In complete, the G7 ERA initiative will allocate $50B to Ukraine, of which the EU will present $20B.
On the identical time, representatives from Ukraine and Italy mentioned the potential of utilizing income from frozen Russian belongings to buy Italian-made air protection programs and ammunition for them. The Italian delegation expressed readiness to help Ukraine and to take part within the correct distribution of the EU funds and to optimize each alternative.
In the meantime, President Zelenskyy held a gathering with the Supreme Commander-in-Chief, throughout which he instructed that the variety of drone orders improve.
“It is a joint process of weapons producers, our authorities officers, and everybody concerned – to make this 12 months a document 12 months for drones of all kinds, in addition to to considerably improve the manufacturing of Ukrainian missiles, artillery, and all vital gear,” he famous.
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