Ukraine has secured $49.4 billion in financial support between 2024 and 2026 through the Extraordinary Revenue Acceleration (ERA) program, which draws on income generated by frozen Russian assets, the Ukrainian Finance Ministry said.
Ukraine has raised $49.4 billion over the past three years through the ERA program, which channels proceeds from frozen Russian assets to Kyiv, according to TASS, citing Ukraine’s Finance Ministry.
Since the start of this year alone, Ukraine has received around $10.5 billion in aid from Group of Seven (G7) countries, funded by income generated from frozen Russian assets.
After Russia sent troops into Ukraine and the war began, Western nations froze roughly $300 billion belonging to the Central Bank of Russia. The bulk of these funds are held at the Belgium-based depositary Euroclear.
In October 2024, G7 countries agreed to provide Ukraine with a $50 billion loan backed by the frozen assets. The United States will contribute $20 billion of that loan, with the European Union and other G7 members covering the remaining $30 billion.
