Ukraine has received over $1 billion from the UK from proceeds of Russian assets

Dmitro Shevchuk
Dmitro Shevchuk Executive Editor
Ukraine has received over $1 billion from the UK from proceeds of Russian assets
United Kingdom
These funds will be used to strengthen our country’s defence capabilities.

This was announced by the press office of the Ministry of Finance.

The funds will be used to strengthen Ukraine’s defence capabilities.

As a reminder: in March 2025, Ukraine’s Minister of Finance Serhiy Marchenko and the UK’s Chancellor of the Exchequer Rachel Reeves signed an agreement to provide Ukraine with £2.26 billion (around $3 billion) for defence needs. Ukraine received the first two tranches, totalling £1.5 billion, in March and April 2025.

The funds are part of the G7’s ERA mechanism totalling $50 billion. The loan will be serviced and repaid from future proceeds derived from frozen Russian sovereign assets. The financing is provided for a period of 30 years. 

Earlier, Defence Minister Mykhailo Fedorov summarised the aid agreed for Ukraine during the ‘Ramstein’ meeting. 

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