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UK Completes £2.26 Billion Ukraine Defense Package With Final £752 Million ERA Transfer

The G7 loan taps profits from frozen Russian state assets to finance urgent security needs.

Overview

  • Ukraine’s Finance Ministry said it received a £752 million final tranche from the United Kingdom under the G7 Extraordinary Revenue Acceleration initiative to strengthen defense.
  • The transfer completes the UKUkraine agreement signed in March 2025 for £2.26 billion after earlier tranches totaling £1.5 billion in March and April 2025.
  • ERA is a $50 billion G7 loan program that uses returns on immobilized Russian sovereign assets to service and repay the financing over a roughly 30‑year term.
  • Finance Minister Sergii Marchenko said the money is earmarked for priority security and defense needs and thanked the UK for consistent support.
  • Ukraine reports receiving about $45 billion, or 90% of expected funding backed by frozen‑asset revenues, and officials are pressing partners to enable use of the assets themselves for future reconstruction costs estimated at more than $588 billion.