Ukraine has received $1 billion from the UK from frozen Russian assets
16 April 07:07
Ukraine has received 752 million pounds sterling from the United Kingdom—equivalent to approximately 1 billion U.S. dollars—from frozen Russian assets. The funds will be used to strengthen Ukraine’s defense capabilities. This was reported by the Ministry of Finance of Ukraine, according to "Komersant Ukrainian"
How much money did Ukraine receive from the UK?
The amount in question is 752 million pounds sterling, which Ukraine received from the UK as part of the G7 ERA international initiative. In dollar terms, this amount is approximately 1 billion US dollars.
The Ministry of Finance of Ukraine noted that this is the final tranche received under this mechanism specifically from frozen Russian assets.
How will the funds from the UK be used?
Ukraine will allocate the received funding to defense needs. The Ministry of Finance emphasized that the funds will be used to strengthen the country’s defense capabilities, which remains one of the key priorities amid the war.
Thus, financial assistance from the UK will be used to strengthen Ukraine’s capabilities in the areas of security and defense.
What is known about the agreement between Ukraine and the UK
On March 1, 2025, Ukrainian Finance Minister Serhiy Marchenko and UK Treasury Chancellor Rachel Reeves signed an agreement to provide Ukraine with 2.26 billion pounds sterling, equivalent to approximately 3 billion U.S. dollars, for defense needs.
Ukraine received the first two tranches totaling 1.5 billion pounds in March and April of last year. The current payment marks the final installment under this financial agreement.
How the G7 ERA mechanism works
The funds received by Ukraine are part of the G7 ERA mechanism totaling $50 billion.
The essence of this mechanism is that the loan to Ukraine will be serviced and repaid using future proceeds from frozen Russian sovereign assets.
Funding under this initiative is provided for 30 years, creating a long-term instrument to support Ukraine using funds linked to Russian assets.
