Ukraine Receives 1st Canadian Tranche of Loan Backed by Russian Assets

Prime Minister of Ukraine Denis Shmyhal said that the government is actively working on creating a mechanism for confiscating Russian frozen assets, which should become the main source of financing the country's recovery.

Ukraine Receives 1st Canadian Tranche of Loan Backed by Russian Assets

ERA loan is a first historic step to make Russia pay for its invasion of Ukraine. US has already transferred its first tranche in 2024.

The funds will be used to support the country's critical infrastructure.

The Canadian government contributed an additional 33.4 million euros (50 million Canadian dollars) to the Energy Support Fund of Ukraine on Friday, March 14.

Canada increases contributions to the Energy Support Fund of Ukraine to more than 40 million euros: what will be spent onCanada has increased its contribution to the Energy Support Fund of Ukraine to 40.1 million euros. The funds will go to the restoration of energy facilities and Support for critical infrastructure.

Ukraine receives USD 1.7B through G7 initiative – PM Shmyhal

Ukraine has received 2.5 billion Canadian dollars (about USD 1.7 billion) as part of the G7 ERA initiative. Prime Minister Denys Shmyhal announced this on Telegram, as reported by Ukrinform. "Ukraine has received 2.5 billion Canadian dollars (about USD 1.7 billion) as part of the G7 ERA initiative. These funds, secured through revenues from frozen Russian assets, will be directed to priority state budget needs," he said. Shmyhal noted that this …