Ukraine has received the first tranche of €3 billion from the amount allocated by the European Union for a joint loan from the G7 to Ukraine, which will be repaid using proceeds from frozen Russian assets.

"This is the first tranche of funds from the European Union, secured through income from frozen Russian assets," Prime Minister Denys Shmyhal said.

KYIV (Reuters) - Ukraine received its first 3 billion euro ($3.09 billion) tranche of the European Union's portion of the Extraordinary Revenue Acceleration (ERA) loan agreed for Ukraine by the G7 group of countries, its prime minister Denys Shmyhal said on Friday.

Ukraine received its first 3 billion euro ($3.09 billion) tranche of the European Union's portion of a loan agreed by the Group of Seven members and backed by the earnings from frozen Russian sovereign assets,

Ukraine’s suspension of Russian gas transit through its territory is not a threat to EU energy security. However, the bloc’s member states should continue working towards their goal of becoming indepe

Ukraine's state budget has received 3 billion euros from the European Union as part of the G7 initiative ERA. In total, the EU will provide 18 billion euros, according to Prime Minister Denys Shmyhal.