Ukraine has received 45 billion USD or 90% of funds from the proceeds from frozen assets of Russia. As Ukrinform reports, this was reported by the Ministry of Finance. The PromPolitInform portal informs.
It is noted that during the Spring Meetings of the IMF and the World Bank, the Ministry of Finance team held meetings with the finance ministers of partner countries.
The parties considered the current state of the Ukrainian economy and the consequences of a full-scale war for public finances.
Minister of Finance of Ukraine Serhiy Marchenko thanked the partners for the implementation of the ERA Loans mechanism – funds from the proceeds from frozen assets of the Russian Federation. Ukraine has already received 90% of the funding, about 45 billion USD.
He noted that it is important to maintain dynamic and predictable international support, as active hostilities continue, Russia continues to inflict significant losses on Ukraine.
It is necessary to accelerate the creation of a full-fledged mechanism for directing Russian assets themselves to Ukraine’s needs. These resources should become an important source of financing for reconstruction, the needs of which in the coming decade exceed $588 billion.
As reported, Ukraine received a tranche from the UK of £752 million (about $1 billion) from frozen Russian assets within the framework of the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative to strengthen Ukrainian defense capabilities.
