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Ukraine: Extraordinary Revenue Acceleration Second Tranche Disbursal
23 April 2025
Type
Written Ministerial Statement
Department
Treasury
At a Glance
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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