{"id":918,"date":"2024-12-05T22:09:29","date_gmt":"2024-12-05T20:09:29","guid":{"rendered":"https:\/\/kyivdefensepolicy.org\/?p=918"},"modified":"2025-01-19T23:06:02","modified_gmt":"2025-01-19T21:06:02","slug":"ukraine-eu-agree-on-mechanism-for-servicing-and-repayment-of-g7-funds","status":"publish","type":"post","link":"https:\/\/kyivdefensepolicy.org\/uk\/2024\/12\/05\/ukraine-eu-agree-on-mechanism-for-servicing-and-repayment-of-g7-funds\/","title":{"rendered":"Sergii Marchenko signed an agreement with the EU on the ULCM mechanism, which will create a legal framework for servicing and repayment of funds received by Ukraine under the G7 ERA initiative"},"content":{"rendered":"<p>Minister of Finance Sergii Marchenko has established the Ukraine Loan Cooperation Mechanism (ULCM) to provide a legal framework for servicing and repaying up to EUR 45 billion in loans to Ukraine. The ULCM will enable the use of proceeds from frozen Russian assets to cover loan costs, and funds can only be used for eligible loans under the G7 Extraordinary Revenue Acceleration Loans (ERA) initiative. Marchenko has also signed an agreement with the EU to secure up to EUR 35 billion in Macro-Financial Assistance through this mechanism.<\/p>\n<p>\u0427\u0438\u0442\u0430\u0439\u0442\u0435 \u0431\u0456\u043b\u044c\u0448\u0435 \u0437\u0430 \u043f\u043e\u0441\u0438\u043b\u0430\u043d\u043d\u044f\u043c <a href=\"https:\/\/www.mof.gov.ua\/en\/news\/sergii_marchenko_signed_an_agreement_with_the_eu_on_the_ulcm_mechanism_which_will_create_a_legal_framework_for_servicing_and_repayment_of_funds_received_by_ukraine_under_the_g7_era_initiative-4932\">Ministry of Finance of Ukraine\u00a0 <\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Ukraine signed an Agreement on the establishment of the Ukraine Loan Cooperation Mechanism (ULCM), which will create a legal framework for servicing and repayment of funds received by Ukraine, up to \u20ac45 billion. The mechanism will allow the use of proceeds from frozen Russian assets to cover the principal amount of the loan raised from partners under the G7 ERA initiative, as well as interest and any other costs associated with the loan.<\/p>","protected":false},"author":10,"featured_media":919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[7],"tags":[683,678],"class_list":["post-918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","tag-eu","tag-ukraine","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sergii Marchenko signed an agreement with the EU on the ULCM mechanism, which will create a legal framework for servicing and repayment of funds received by Ukraine under the G7 ERA initiative - Kyiv Center for Defense Policy<\/title>\n<meta name=\"description\" content=\"Ukraine signed an Agreement on the establishment of the Ukraine Loan Cooperation Mechanism (ULCM), which will create a legal framework for servicing and repayment of funds received by Ukraine, up to \u20ac45 billion. The mechanism will allow the use of proceeds from frozen Russian assets to cover the principal amount of the loan raised from partners under the G7 ERA initiative, as well as interest and any other costs associated with the loan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kyivdefensepolicy.org\/uk\/2024\/12\/05\/ukraine-eu-agree-on-mechanism-for-servicing-and-repayment-of-g7-funds\/\" \/>\n<meta property=\"og:locale\" content=\"uk_UA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sergii Marchenko signed an agreement with the EU on the ULCM mechanism, which will create a legal framework for servicing and repayment of funds received by Ukraine under the G7 ERA initiative - Kyiv Center for Defense Policy\" \/>\n<meta property=\"og:description\" content=\"Ukraine signed an Agreement on the establishment of the Ukraine Loan Cooperation Mechanism (ULCM), which will create a legal framework for servicing and repayment of funds received by Ukraine, up to \u20ac45 billion. 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