Ukraine received €3B from the EU as part of the ERA initiative, the first tranche of EU funds provided by revenue from frozen Russian assets. Ukraine will direct this to priority budget expenditures. In total, the G7 ERA initiative will allocate $50B to Ukraine, of which the EU will provide $20B.
At the same time, representatives from Ukraine and Italy discussed the possibility of using revenue from frozen Russian assets to purchase Italian-made air defense systems and ammunition for them. The Italian delegation expressed readiness to support Ukraine and to participate in the proper distribution of the EU budget and to optimize every opportunity.
Meanwhile, President Zelenskyy held a meeting with the Supreme Commander-in-Chief, during which he instructed that the number of drone orders increase.
“This is a joint task of weapons manufacturers, our government officials, and everyone involved – to make this year a record year for drones of all types, as well as to significantly increase the production of Ukrainian missiles, artillery, and all necessary equipment,” he noted.