---
title: "Ukraine receives first 3 bln euro tranche of G7 loan from EU"
description: "KYIV, BRUSSELS, Jan 10 (Reuters) - Ukraine received its first 3 billion euro ($3.09 billion) tranche of the European Union's portion of a loan agreed by the Group of Seven members and backed by the earnings from frozen Russian sovereign assets, Kyiv and Brussels said on Friday."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Ukraine war"
author: "Reuters"
author_url: "https://www.dailymaverick.co.za/author/reuters/"
canonical_url: "https://www.dailymaverick.co.za/article/2025-01-10-ukraine-receives-first-3-bln-euro-tranche-of-g7-loan-from-eu/"
published: "2025-01-10T12:55:22"
updated: "2025-01-10T12:55:23"
lang: "en-ZA"
word_count: 147
---

# Ukraine receives first 3 bln euro tranche of G7 loan from EU

> KYIV, BRUSSELS, Jan 10 (Reuters) - Ukraine received its first 3 billion euro ($3.09 billion) tranche of the European Union's portion of a loan agreed by the Group of Seven members and backed by the earnings from frozen Russian sovereign assets, Kyiv and Brussels said on Friday.

By Reuters · Published 10 January 2025, 14:55 SAST · Updated 10 January 2025, 14:55 SAST

## Key points
- In a dramatic show of financial solidarity, G7 leaders have decided to sprinkle a cool $50 billion in loans on Ukraine like confetti, with the EU kicking off the party by delivering €3 billion to keep the nation's fight for freedom well-funded and feisty.
- G7 leaders have pledged $50 billion in loans to Ukraine, with the first €3 billion payment delivered by the EU.
- European Commission President Ursula von der Leyen emphasized the importance of this funding for Ukraine's fight for freedom.
- Ukraine's Prime Minister Denys Shmyhal confirmed the transfer via Telegram, highlighting international support.
- Funding will be channeled through the EU, IMF, and a new World Bank fund, with the US contributing $20 billion by December 2024.

## Content

G7 leaders [in October](https://www.reutersconnect.com/all?search=all%3AS8N3KU035&linkedFromStory=true) agreed to provide some $50 billion in loans to Ukraine via multiple channels.

"Today, we deliver €3 billion to Ukraine, the 1st payment of the EU part of the G7 loan. Giving Ukraine the financial power to continue fighting for its freedom – and prevail," European Commission President Ursula von der Leyen said on social media platform X.

Ukraine's Prime Minister Denys Shmyhal confirmed the transfer of the funds in a statement on the Telegram app.

The funding channels agreed by G7 include a Macro-Financial Assistance Loan from the EU, the IMF's Multi-Donor Administered Account for Ukraine and a newly created Financial Intermediary Fund for Ukraine at the World Bank.

[In December 2024](https://www.reutersconnect.com/all?search=all%3AS0N3MT02C&linkedFromStory=true), the US Treasury Department transferred the $20 billion U.S. portion the G7 loan to the World Bank fund.

(Reporting by Max Hunder and Van Campenhout Editing by Tomasz Janowski)