Ukraine receives US$3.8 billion in January, mostly as loan secured by Russian assets
Friday, 31 January 2025, 17:55
Ukraine's state budget received US$3.8 billion in funding in January 2025, with the majority classified as a conditional debt to the EU.
Source: Ukraine's Ministry of Finance on Telegram
Details: Of the total amount, US$3.1 billion was provided by the European Union, while another US$700 million was raised through government bond issuance on the domestic market.
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The Ministry of Finance explained that the EU funds are the first tranche under the ERA Loans initiative. These loans will be repaid using revenues from frozen Russian assets.
Quote: "This means that the aggressor country will bear the costs of the loan, not Ukraine. US$3.1 billion is a conditional debt obligation for Ukraine."
Background:
- In 2024, Ukraine’s debt to the World Bank Group increased by 65%, reaching US$22.6 billion.
- As of 30 November 2024, Ukrainian state and state-guaranteed debt amounted to UAH 6,644.68 billion, or US$159.74 billion.
- In 2024, the total Ukrainian state and state-guaranteed debt rose by UAH 1,461.3 billion (about US$20.74 billion).
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