UK Completes $1.02B Defense Loan to Ukraine Under G7 ERA Mechanism
Government
Ukraine received a £752 million ($1.02 billion) financial support tranche from Britain on Wednesday, April 15. According to the Ministry of Finance, these funds represent the final portion of the UK’s contribution under the G7’s Extraordinary Revenue Acceleration (ERA) initiative, provided as a 30-year loan to strengthen Ukraine’s defense capabilities. Britain previously disbursed the first two tranches, totaling £1.5 billion ($2.04 billion), in March and April 2025. The G7’s ERA mechanism
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