July 1, 2025
Shmigal: Ukraine received about $ 1.7 billion from Canada thumbnail
Ukraine News Today

Shmigal: Ukraine received about $ 1.7 billion from Canada

Since the beginning of the year, taking into account the last tranche, Ukraine has received about $ 17.6 billion at the expense of immovable assets of the Russian Federation”, – WRITE: www.radiosvoboda.org

Ukraine has received about $ 1.7 billion from Canada ($ 2.3 billion) as an ERA initiative, which is provided by the income from frozen Russian assets, Prime Minister Denis Shmigal said.

According to him, since the beginning of the year, taking into account the last tranche, Ukraine received about $ 17.6 billion at the expense of immovable assets of the Russian Federation.

In 2025, the European Union will provide Ukraine with 7 billion euros as part of the G7 ERA initiative, which is paid at the expense of extraordinary revenues from blocked Russian assets.

Read also: Britain will strengthen the PRC of Ukraine at the expense of funds received from the confiscated assets of the Russian Federation

The Extraordinary Revenue Acceleration (ERA) of G7 provides Ukraine with approximately $ 50 billion in the form of loans secured by profit from frozen Russian sovereign assets. These funds are aimed at supporting the budget, military needs and restoration of Ukraine’s infrastructure.

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