The first tranche of proceeds from frozen Russian assets planned to be given to Ukraine in the form of a loan from the G7 countries will be provided to Kyiv next year, Ukrainian Finance Minister Serhii Marchenko said during at a press conference today, dariknews.bg reported.
The size of the tranche is expected to be 22 billion. dollars out of a total of 50 billion dollars that were disclosed as proceeds from Russia's frozen assets. According to Marchenko, the remaining funds will be provided in 2026-2027. However, if additional military needs arise, the share set for 2025 could be significantly increased, he said.
The mechanism for disbursing the funds will be determined upon conclusion of specific loan agreements, tailored to the specific conditions of each partner.
"Some partners allocate part of their funds specifically for military needs, while other partners categorically cannot finance these expenses," Marchenko said.
In October of this year, Ukrainian Finance Minister Serhiy Marchenko and US Treasury Secretary Janet Yellen signed a joint statement in Washington to provide Ukraine with $20 billion under the Extraordinary Revenue Acceleration (ERA) mechanism for Ukraine. The total volume of funding under this mechanism is $50 billion, financed by frozen Russian assets.