India, March 20 -- The European Commission has disbursed an additional 1 billion euros ($1.08 billion) from its Macro-Financial Assistance (MFA) loan to Ukraine, under its part of the G7 loan.
In total, the MFA amounts to 18.1 billion euros ($19.58 billion), representing the EU's contribution to the G7-led Extraordinary Revenue Acceleration (ERA) loans initiative, which collectively aims to provide approximately 45 billion euros ($48.68 billion) in financial support to Ukraine.
Ukraine is supposed to repay the loan with proceeds from immobilized Russian State assets in the EU.
With this payment, the Commission's total lending to Ukraine under this MFA reaches 4 billion euros ($4.32 billion) since the start of the year.
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