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Ukraine gets $1.2 billion in financial aid from EU, PM says

Ukraine receives funds from frozen Russian assets under the Group of Seven's (G7) Extraordinary Revenue Acceleration (ERA) mechanism. Within the ERA initiative, Ukraine is expected to get $50 billion in loans that will be repaid using future profits from frozen Russian assets.

About Ukraine

The Kyiv Independent delivers reliable news, context, and on-the-ground reporting from Ukraine. The largest country located entirely in Europe, Ukrainian territory covers 603,628 square kilometers (233,062 square miles), and is bordered by bordered by seven countries, namely Russia, Belarus, Poland, Slovakia, Hungary, Romania, and Moldova. Ukraine traces its history back to the medieval state of Kyivan Rus.

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Editor's note: On Sept. 10, Polish jets shot down Russian drones for the first time. Read our latest reporting on Poland here. Spurred by belligerent Russia and the war in Ukraine, Poland has raced to build the largest European army in NATO. As Western officials warn about an open clash with Moscow within the next five years, Warsaw readies to bear the brunt of such a war. But while the country moved to amass an impressive arsenal of tanks, aircraft, and long-range fires, the war in Ukraine h

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