Ukraine has received another €1 billion tranche of macro-financial assistance from the European Union under the ERA Loans program, Prime Minister Yulia Svyrydenko announced on 10 September.

The funds were financed through profits from frozen assets of the Central Bank of Russia, representing a continuation of the G7 Extraordinary Revenue Acceleration (ERA) initiative designed to provide Kyiv with financial resources using proceeds from frozen Russian assets.

“This is more than aid – this is a clear signal: Europe is decisively strengthening Ukraine’s defense and resilience against massive missile attacks and attempts at destabilization,” Svyrydenko wrote in her announcement.

The Prime Minister expressed gratitude to European Commission President Ursula von der Leyen and European Commissioner Valdis Dombrovskis for their leadership.

“These funds mean saved lives, rebuilt cities and a confident European future for Ukraine,” Svyrydenko added.

The payment comes as European leaders intensify discussions about expanding financial support mechanisms using Russian assets. On 10 September, von der Leyen called for urgent development of new solutions for military financing of Ukraine based on frozen Russian assets.

A day earlier, the Socialist and Democratic Group in the European Parliament had urged the EU and United States to impose tougher sanctions against Russia and advocated for the confiscation of Russian assets.

The ERA initiative represents a structured approach to converting frozen Russian central bank profits into financial assistance for Ukraine, providing a steady funding stream while maintaining legal frameworks around asset seizure.