Ukraine has received €5.9 billion from the EU under ERA Loans and the Ukraine Facility, President Volodymyr Zelenskyy has announced. A key feature is that part of these funds is financed from profits on frozen Russian assets.

“Today, there is an important decision in support of our country from our partners. Importantly, the ERA Loans mechanism is financed from profits from frozen Russian assets, which makes Russia pay for its aggression,” Zelenskyy said.

Ukraine aims to access €140 billion of frozen Russian assets in Europe and use them to support the war effort

According to Zelenskyy, only pressure can work to achieve peace, so efforts must be intensified to use Russian assets.

The majority of these funds are held in the Euroclear financial depository in Belgium. A decision on whether to transfer the funds to Ukraine is expected in December 2025, Politico reports. 

Previously, Zelenskyy stated that it would be a significant loss for Russia if Ukraine were to succeed in accessing €140–160 billion of frozen Russian assets.

“We are counting on a swift political decision regarding the reparations loan and full use of these funds for Ukraine’s defense. I thank President Ursula von der Leyen for her leadership and support of Ukraine,” he summarized.

ERA Loans and Ukraine Facility — financial instruments for security and reforms

Meanwhile, Ukrainian Prime Minister Yuliya Svyrydenko has explained that €4.1 billion under ERA Loans is the final tranche of an €18 billion program, financed from profits on frozen Russian assets.

“This is an example of how Russia begins to pay for its crimes. At the same time, it is a signal of European solidarity and determination to support our ability to endure,” the official noted.

An additional €1.8 billion was received under the Ukraine Facility, reflecting confidence in Ukraine’s implementation of reforms and its European integration.

Ukraine will receive a new €1.8 billion payment from the European Union after meeting ten key reform requirements, according to the Council of the EU. The funds are part of the EU’s larger €50 billion Ukraine Facility, which supports the country’s recovery, reconstruction, and modernization efforts during the ongoing Russian invasion.

Brussels approves new €1.8 billion tranche for Ukraine

The Council of the EU on 4 November approved the fifth regular payment to Ukraine under the Ukraine Facility program. The disbursement, totaling more than €1.8 billion or more than $2 billion, follows Ukraine’s successful implementation of nine specific reform steps outlined for the fifth payment, as well as
"one outstanding step from the fourth disbursement."

"Payments under the Ukraine Facility are closely linked to the Ukraine Plan, which outlines Ukraine’s strategy for recovery, reconstruction and modernisation, along with a timetable for the implementation of reforms aligned with the country’s EU accession goals over the next years," the Council wrote in its press release.

The payment includes both grants and loans and is designed to reinforce Ukraine’s macro-financial stability and help sustain the functioning of its public administration, according to the Council’s official announcement.

This decision follows the European Commission’s assessment of Ukraine’s payment request on 29 September 2025, after which the Council concluded that Ukraine had satisfactorily fulfilled a number of reforms.

Reforms cover justice, energy, environment, and more

The Council stated that Ukraine has met reforms across a broad range of areas. These include the judicial system, anti-corruption efforts, financial markets, human capital development, business environment, decentralization and regional policy, the energy sector, and the management of critical raw materials. Reforms tied to the green transition and environmental protection were also among the steps recognized as fulfilled.

All these benchmarks are part of the Ukraine Plan — a comprehensive strategy for recovery, reconstruction, and reforms aligned with Ukraine’s EU accession goals. Disbursements under the Ukraine Facility are conditional on meeting the goals set in the Plan and its accompanying reform timeline.

• The Ukraine Facility entered into force on 1 March 2024 and will run through 2027. It provides up to €50 billion in total funding to Ukraine, of which up to €32 billion is earmarked to support reforms and investments under the Ukraine Plan.
• Prior to this fifth payment, the EU had already disbursed €6 billion as bridge financing, €1.89 billion in pre-financing, and four additional installments totaling approximately €4.2 billion, €4.1 billion, €3.5 billion, and €3.2 billion respectively.

 

The European Union will approve the fifth tranche of macro-financial assistance to Ukraine under the Ukraine Facility mechanism in the amount of 1.351 billion euros ($1.46 bl) on 4 November, according to an informed EU source who spoke to European Pravda's correspondent in Brussels.

"EU ambassadors in Brussels approved the provision of the fifth Ukraine Facility tranche to Ukraine last Wednesday (at the Coreper meeting on 29 October)," European Pravda reported, citing its sources.

The official decision to provide Ukraine with 1.351 billion euros ($1.46 bl) will be approved on 4 November, at the EU Council level, the source added.

The payment comes after Ukraine fulfilled key reform commitments. On 8 October, the Verkhovna Rada adopted two EU integration bills: one on creating a payment agency in the agricultural sector, and another in the first reading on legality and transparency in local government activities, Evropeyska Pravda reports.

These laws are part of Ukraine's reform obligations to receive financial support from the EU under the Ukraine Facility program, which totals 50 billion euros ($54 bn).

In September, the European Commission approved Ukraine's proposed amendments to the "Ukraine Plan" – a reform plan necessary to receive EU funds under the Ukraine Facility program.