On the 10th, the Ukrainian Ministry of Finance announced on its official website that the Ministry received the first installment of a €3 billion (approximately 13.8 billion MYR) loan from the EU, collateralized by earnings from frozen Russian assets.
The EU plans to provide a total of €18.1 billion in loans to Ukraine in phases by the end of 2025, prioritizing social and military expenditures, macroeconomic stability, and the restoration of critical infrastructure.
According to the Ukrainian Ministry of Finance, the EU's official data indicates that the assets of the Russian Central Bank frozen in the EU amount to approximately €210 billion, generating an annual yield of €2.5 to €3 billion.
In October of last year, leaders of the G7 countries reached a consensus to collateralize the yields of frozen Russian assets to provide a $50 billion loan to Ukraine. As part of the G7 loan program, the United States committed to issuing $20 billion in loans to Ukraine. Under this loan mechanism, the first installment of $1 billion from the US was allocated to Ukraine by the end of last year.
The Russian Ministry of Foreign Affairs issued a statement at the end of last year, condemning the West for providing loans to Ukraine using yields from frozen Russian assets as collateral, claiming it to be an act of "theft."