BRUSSELS, June 13 – The European Commission confirms disbursement of the 5th tranche of the emergency macro-financial assistance (MFA) loan to Ukraine in the amount of EUR 1 billion under the ERA, the loan will be repaid at the expense of frozen state assets of Russia.

“It further reinforces the EU's role as Ukraine’s largest donor since the start of Russia's war of aggression, with overall support approaching EUR 150 billion,” the European Commission reports.

In total, the MFA amounts to ?18.1 billion and represents the EU's contribution to the G7-led Extraordinary Revenue Acceleration (ERA) loans initiative, which collectively aims to provide approximately EUR 45 billion in financial support to Ukraine.

“These loans are to be repaid using proceeds from immobilised Russian State assets held in the EU. With this latest payment, the Commission's total lending to Ukraine under this MFA reaches EUR 7 billion since the beginning of 2025,” the European Commission reports.

“As agreed by the European leaders in the Special European Council in early March, and reiterated by President Ursula von der Leyen, the Commission stands ready to frontload the EU contribution to the ERA loans initiative, if necessary,” the European Commission reports.

“It remains in close contact with the Ukrainian authorities concerning subsequent disbursements. Should Ukraine submit a request, the Commission is prepared to respond swiftly,” the press release notes. (om/ez)