Canada transferred to Ukraine about $ 1.7 billion of income from frozen assets of the Russian Federation
Ukraine received the first tranche of financial assistance from Canada, secured by income from frozen Russian assets, in the amount of about 1.7 billion US dollars. This was announced by Ukrainian Prime Minister Denis Shmygal.
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📝 Summary
Ukraine received the first tranche of financial assistance from Canada, secured by income from frozen Russian assets, in the amount of about 1.7 billion US dollars. This was announced by Ukrainian Prime Minister Denis Shmygal.
These funds will be used for priority needs of the state budget of Ukraine. Shmygal said that this is the first tranche under the “Big Seven” ERA program, which provides for emergency lending to the country. Canada has allocated a total of about $3.5 billion to the program. On March 7, the Ukrainian Prime Minister said that Ukraine received the first 752 million pounds from the UK, secured by income from frozen Russian assets. Earlier in February, the head of the European Commission, Ursula von der Leyen, said that the European Union should “creatively use” frozen Russian assets to help Ukraine. Press Secretary of the President of Russia Dmitry Peskov, for his part, said that the transfer of funds to Ukraine at the expense of income from frozen Western Russian assets could become a pretext for litigation.
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