“The Cabinet of Ministers of Ukraine has approved an agreement with Japan, which provides for the attraction of about $ 3 billion in the G7 Extraordinary Revenue Acceleration (ERA) international initiative. Prime Minister Denis Shmigal has informed about it. “These funds will be provided with income from frozen Russian assets and aimed at priority budget expenditures, reconstruction and development of Ukraine,” said the head of the government.”, – WRITE ON: ua.news
The Cabinet of Ministers of Ukraine has approved an agreement with Japan, which provides for the attraction of about $ 3 billion in the G7 Extraordinary Revenue Acceleration (ERA) international initiative.
Prime Minister Denis Shmigal has informed about it.
“These funds will be provided with income from frozen Russian assets and are aimed at priority budget expenditures, reconstruction and development of Ukraine,” said the Government Head.
According to Shmigal, within the Era mechanism, Ukraine expects to raise up to $ 50 billion in total. He thanked the G7 and the European Union for creating a financial instrument that allows the use of assets of the Russian Federation to compensate for the losses caused by aggression.
“We expect that all the immobilized assets of the aggressor will be confiscated and aimed at rebuilding Ukraine,” the Prime Minister emphasized.
Recently, the Italian government Listed The first EUR25 million tranche for the restoration of Ukraine’s energy system as part of a joint initiative with the European Bank for Reconstruction and Development (EBRD). The total cost of the project is EUR200 million.
The United Kingdom is April 14 sent Ukraine is £ 752 million ($ 990 million) within the credit mechanism of the Seven Group using frozen assets of Russia.
