Commons Sense

House of Commons · Written Ministerial Statement

Ukraine: Extraordinary Revenue Acceleration Second Tranche Disbursal

23 April 2025 · Treasury

Proposed by Darren Jones Lab Bristol North West

TaxationUkraine

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The second tranche of a 2.26bn loan agreement under the G7 ERA Loans for Ukraine scheme is to be disbursed.
  • Parliamentary approval is sought for a cash advance of 752,667,000 from the Contingencies Fund.
  • This advance is intended to cover urgent expenditure until a Main Estimate can be approved.

Issue summary

The statement discusses the disbursement of the second tranche of a £2.26bn loan agreement under the G7 Extraordinary Revenue Acceleration (ERA) Loans for Ukraine scheme.

Action requested

Parliamentary approval is being sought to meet the urgent expenditure of £752,667,000 through repayable cash advances from the Contingencies Fund until a Main Estimate can be approved in due course.

Key facts

  • On 1 March 2025, a £2.26bn loan agreement was signed.
  • The first tranche of £752m was paid on 6 March 2025 and the second tranche on 14 April 2025.
  • The G7 ERA initiative provides approximately $50 billion in loans to Ukraine.
  • Funding will be repaid from extraordinary profits generated from immobilised Russian Sovereign Assets held within the EU.
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