Ukraine receives US$1.7 billion from Canada under ERA initiative
www.pravda.com.ua
Thu, 13 Mar 2025 14:57:56 +0200

Kyiv has received the first tranche of CAD 2.5 billion roughly US1.7 billion from Canada under the G7 Extraordinary Revenue Acceleration ERA loans initiative for Ukraine.
Source Ukraines Finance Ministry Details The Finance Ministry notes that the funds will be used for the priority needs of Ukraines state budget.
In total, Canadas contribution to the ERA initiative amounts to CAD 5 billion roughly US3.47 billion.
The loan is granted for 30 years.
The ERA mechanism worth US50 billion involves providing Ukraine with loan funds that will be repaid and serviced using future revenues received from immobilised Russian sovereign assets, the Ministry of Finance explained.
Background Ukraine plans to confiscate US300 billion in frozen Russian assets held in international financial institutions.
Meanwhile, Ukraine received the first 752 million roughly US940 million from the UK, secured by proceeds from these frozen assets.
Support Ukrainska Pravda on Patreon
Latest news
