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Ukraine Secures €1 Billion from Frozen Russian Assets

7/11/2025

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Summary

Story summary

Ukraine has secured €1 billion ($1.2 billion) from the EU, sourced from frozen Russian assets, as confirmed by Prime Minister Denys Shmyhal. This funding is part of the G7's ambitious ERA initiative, which seeks to deliver $50 billion for Ukraine's recovery. German Chancellor Friedrich Merz insists that these assets must stay frozen until Ukraine receives due compensation.

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Story summary

Ukraine has secured €1 billion ($1.2 billion) from the EU, sourced from frozen Russian assets, as confirmed by Prime Minister Denys Shmyhal. This funding is part of the G7's ambitious ERA initiative, which seeks to deliver $50 billion for Ukraine's recovery. German Chancellor Friedrich Merz insists that these assets must stay frozen until Ukraine receives due compensation.