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Statement on Ukraine
03 March 2025
Type
Written Ministerial Statement
Department
Treasury
At a Glance
Issue Summary
The statement discusses the UK's ongoing support for Ukraine, including a new loan agreement and the disbursement of funds under the G7 Extraordinary Revenue Acceleration (ERA) Loans.
Action Requested
The Government has signed a £2.26 billion loan agreement with Ukraine as part of the ERA scheme and seeks parliamentary approval to release the first tranche of funding immediately, with subsequent tranches planned for future fiscal years.
Key Facts
- The UK's total support for Ukraine stands at £12.8bn.
- A Loan Agreement was signed on Saturday 1 March 2025 under the G7 ERA scheme for £2.26 billion.
- The Financial Assistance to Ukraine Act 2025 received Royal Assent on 16 January 2025.
- The first tranche of funding will be £752,667,000.
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