// definition
ERA
Extraordinary Revenue Acceleration Loans for Ukraine
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Short definition
A G7 initiative launched in 2024 to provide loans to Ukraine whose servicing and repayment are supported by future extraordinary revenues from immobilised Russian sovereign assets. In the EU, the Ukraine Loan Cooperation Mechanism allocates available resources to eligible loans. These revenues are distinct from the immobilised Russian principal.
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Intuition
Revenues expected over future years support the repayment of loans provided earlier.
Related analyses
Primary sources
- Regulation (EU) 2024/2773Recital 7 and Articles 3 to 5: the ERA initiative, EU mechanism and available resources.
- Council of the EU, 23 October 2024: the G7 loan mechanismAllocation of future extraordinary revenues arising from immobilised Russian assets.