Canada gives Ukraine $1.7B using Russian assets - Breaking The News
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Canada gives Ukraine $1.7B using Russian assets

EPA-EFE/IGOR TKACHENKO

Ukrainian Prime Minister Denys Shmyhal said on Monday that his country received $1.7 billion (2.3 billion Canadian dollars) from Canada as part of the Extraordinary Revenue Acceleration (ERA) Loan Initiative using the frozen Russian assets.

"I am grateful to Canada and everyone involved in this program. We insist on the full confiscation of frozen Russian funds. They are needed to pay compensation to victims of aggression and to rebuild our state. This will also be an act of justice to prevent aggressive wars in the future," Shmyhal said in a post on his Telegram channel.

The Ukrainian prime minister noted that since the beginning of the year, Ukraine has received roughly $17.6 billion from frozen Russian assets, with the aim of "making Russia pay for its crimes and destruction."

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