{"id":136465,"date":"2025-01-13T07:40:32","date_gmt":"2025-01-13T05:40:32","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/commission-disburses-first-e3-billion-to-ukraine-of-its-part-of-the-g7-loan-to-be-repaid-with-proceeds-from-immobilised-russian-assets\/"},"modified":"2025-01-13T07:40:32","modified_gmt":"2025-01-13T05:40:32","slug":"commission-disburses-first-e3-billion-to-ukraine-of-its-part-of-the-g7-loan-to-be-repaid-with-proceeds-from-immobilised-russian-assets","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/commission-disburses-first-e3-billion-to-ukraine-of-its-part-of-the-g7-loan-to-be-repaid-with-proceeds-from-immobilised-russian-assets\/","title":{"rendered":"Commission disburses first \u20ac3 billion to Ukraine of its part of the G7 loan, to be repaid with proceeds from immobilised Russian assets"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/136465\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The European Commission has disbursed today the first \u20ac3 billion tranche of its exceptional Macro-Financial Assistance (MFA) loan for Ukraine, which will be repaid with proceeds from immobilised Russian State assets in the EU. This loan, amounting up to \u20ac18.1 billion, represents the EU&#8217;s contribution to the G7-led Extraordinary Revenue Acceleration (ERA) loans initiative, which collectively aims to provide approximately \u20ac45 billion in financial support to Ukraine. This initial disbursement highlights the EU&#8217;s unwavering commitment to helping Ukraine confront Russia&#8217;s full-scale war of aggression, maintain macroeconomic and fiscal stability, rebuild vital infrastructure, including its energy systems, and invest in defence infrastructure.<\/p>\n<p><em>What is this exceptional MFA package and how does it work?<\/em><br \/>\nThis MFA is crucial for addressing Ukraine&#8217;s urgent budgetary needs, which have considerably risen in the face of Russia&#8217;s intensified and prolonged war of aggression. With the stable, regular, and predictable financial support of up to \u20ac18.1 billion to be disbursed in 2025 under this instrument, Ukraine will be able to support its current and future military, budget and reconstruction needs. This loan will be able to ensure macroeconomic stability and restore critical infrastructure destroyed by Russia, such as energy infrastructure, water systems, transport networks, roads and bridges. Furthermore, the loan can be used by Ukraine to directly support its military expenses. At the same time, by stabilising public finances, this assistance will also enable Ukraine to allocate resources to other priority expenditures, including military defence infrastructure against Russian aggression.<\/p>\n<p>The MFA instrument offers high flexibility and very favourable terms to Ukraine, with very long maturities which can extend to up to 45 years. Importantly, Ukraine is not expected to directly repay the loan from its own resources. Instead, the repayment will be ensured through the extraordinary profits from immobilised Russian assets collected from the Ukraine Loan Cooperation Mechanism (ULCM), sending a clear signal that the burden of rebuilding Ukraine will be shouldered by those responsible for its destruction.<\/p>\n<p>This operation builds on the earlier MFA and MFA+ operations in Ukraine and complements the longer-term financing provided through the Ukraine Facility, which will make available to Ukraine \u20ac50 billion between 2024 and 2027. Future payments to Ukraine under the MFA instrument are expected to continue between March and November, with \u20ac1 billion per month, with the remaining \u20ac6.1 billion allocated for December.<\/p>\n<p>The disbursement follows the adoption and entry into force of the Ukraine Loan Cooperation Mechanism and the Exceptional Macro-Financial Assistance Regulation in October 2024, and the subsequent adoption of the Commission Decision authorising the release of the Macro-Financial Assistance to Ukraine at the end of December.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_25_223\">European Commission<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/commission-disburses-first-e3-billion-to-ukraine-of-its-part-of-the-g7-loan-to-be-repaid-with-proceeds-from-immobilised-russian-assets\/\">Commission disburses first \u20ac3 billion to Ukraine of its part of the G7 loan, to be repaid with proceeds from immobilised Russian assets<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[557,555,559],"class_list":["post-136465","post","type-post","status-publish","format-standard","hentry","category-news","tag-commission","tag-csr-news-en","tag-ukraine"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/136465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=136465"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/136465\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=136465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=136465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=136465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}