KYIV, Dec 4 – Finance Minister Serhiy Marchenko and the Governor of the National Bank of Ukraine (NBU), Andriy Pyshnyy, on behalf of Ukraine, signed a loan agreement with the European Union to secure up to EUR 35 billion in macro-financial assistance (MFA) as part of the G7 Extraordinary Revenue Acceleration Loans for Ukraine (ERA) initiative using revenues derived from frozen Russian sovereign assets, as reported on the Ministry of Finance's website on Wednesday morning.

"The final amount of the MFA will be determined after all parties to the initiative approve the amount of loans. Taking into account the proposed financing of $20 billion by the United States, the EU's Macro-Financial Assistance could be in the amount of EUR 18 billion," the Ministry said.