Ukraine has received a further €1 billion from the European Commission's (EC's) Macro-Financial Assistance (MFA) loan, which is expected to be repaid with proceeds from Russian assets frozen in the European Union.
The €18.1 billion MFA loan constitutes the EU's contribution to the G7-led Extraordinary Revenue Acceleration (ERA) loans initiative, whic aimes to provide €45 billion in financial support to Ukraine, according to an EC press release.
