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Euromaidanpress
Euromaidan Press
23 Jan 2025
Yuri Zoria


European Union pledges € 35 billion to Ukraine in 2025

The funding will include the EU’s loan, backed by frozen Russian assets, and the EU’s Ukraine Facility funds.
european union pledges €35 billion ukraine 2025 eu commissioner economy valdis dombrovskis (l) ukraine’s first deputy pm yuliia svyrydenko (r) davos 22 provide financial assistance through g7 era initiative facility
EU Commissioner for Economy Valdis Dombrovskis (L) and Ukraine’s First Deputy PM Yuliia Svyrydenko (R) in Davos. 22 January 2025. Photo: X/Valdis Dombrovskis
European Union pledges € 35 billion to Ukraine in 2025

The European Union will provide Ukraine with €35 billion in financial assistance through the G7 ERA initiative and Ukraine Facility program in 2025 amid the ongoing Russo-Ukrainian war, European Commission Vice President Valdis Dombrovskis announced on X.

The G7-led Extraordinary Revenue Acceleration (ERA) loans initiative collectively aims to provide approximately €45 billion in financial support to Ukraine, with repayments sourced from proceeds of immobilized Russian state assets. The Ukraine Facility, the EU’s financial assistance program for Ukraine, allocates €50 billion between 2024 and 2027 to support the state budget, stimulate investment, and provide technical assistance.

Dombrovskis wrote on 22 January:

“Great to meet with [Yulia Svyrydenko], Ukraine’s First Deputy PM, at [Davos 2025 World Economic Forum]. We discussed enlargement and steps to bring Ukraine closer to the EU’s Single Market. The EU is delivering financial support through the G7 ERA loan initiative and the Ukraine Facility, with €35 bn for 2025.”

Since Russia’s full-scale invasion in February 2022, the European Union has provided comprehensive support to Ukraine totaling at least €122 billion, according to Suspilne. This includes:

  • €60 billion in financial, budgetary, and humanitarian aid
  • €45.5 billion in military assistance through the European Peace Fund and individual member states
  • €1.5 billion allocated from frozen Russian assets proceeds for defense contracts

On 20 December 2024, European Commission President Ursula von der Leyen stated that the EU would allocate over €30 billion to Ukraine in 2025, which would nearly completely cover the gap in Ukrainian financing.

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