Ukrainian Prime Minister Denys Shmygal announced that the country has received a new tranche of €1 billion, originating from the accrued interest on frozen Russian assets in the European Union. This is the fifth consecutive tranche of macro-financial assistance provided by the EU, reports the BBC, quoted by BTA.
The funds come from the profits accumulated on the blocked assets of the Russian Federation, frozen by the EU after the start of Russia's full-scale invasion of Ukraine in February 2022.
According to Shmygal, the total amount that Kiev has received so far from the interest on these assets amounts to €7 billion. He stressed that these funds are of key importance for the stability of the Ukrainian economy and for maintaining the resilience of the state during the ongoing conflict.
It is recalled that in October 2024, the leaders of the G-7 countries agreed to provide Ukraine with loans in the amount of about $ 50 billion, through various mechanisms, with frozen Russian assets serving as a guarantee.