Ukraine Receives First 3 Bln Euro Tranche Of G7 Loan

Ukraine has received its first 3 billion euro ($3.09 billion) tranche of the European Union’s portion of the Extraordinary Revenue Acceleration (ERA) loan agreed for Ukraine by the G7 group of countries, its prime minister Denys Shmyhal said.

It was the first tranche of an EU loan secured by profits from frozen Russian assets, Shmyhal wrote on the Telegram app.

REUTERS/Christopher Ojilere