On Thursday, May 8, Ukraine received 1 billion euros from the EU under the Extraordinary Revenue Acceleration for Ukraine (ERA) program.
This was announced by Prime Minister Denys Shmygal.
According to him, these funds are secured at the expense of revenues from immobilized assets of the Russian central bank. The money will be used to cover critical budget expenditures and strengthen Ukraine.
"This tranche is part of a fair and consistent approach: the aggressor must pay for the destruction he brought to our land," the statement said.
Shmygal thanked the EU and G7 partners for the effective mechanism.
"We expect the next step - full confiscation of assets and strengthening of sanctions in response to Russia's atrocities," the head of the government added.
