Canada transferred about $1.7 billion in proceeds from frozen Russian assets to Ukraine as part of the G7 initiative.
Points of attention
- Canada transferred $1.7 billion in proceeds from frozen Russian assets to Ukraine under the ERA initiative as part of the G7 collaboration.
- Ukraine has received a total of around $17.6 billion this year from frozen Russian assets, with $1.7 billion coming from Canada.
Ukraine received $1.7 billion from Canada under the ERA
This was announced by Prime Minister of Ukraine Denys Shmyhal in his X.
The Prime Minister reported that Ukraine received about $1.7 billion (2.3 billion Canadian dollars) from Canada as part of the ERA initiative, which are funds from the proceeds of Russian assets frozen in the West.
He noted that, together with this tranche, Ukraine has already received about $17.6 billion since the beginning of the year from frozen Russian assets.
🇨🇦🇺🇦 Ukraine has received approximately 1.7 bn dollars (2.3 bn Canadian dollars) from Canada under the ERA initiative. These funds are backed by revenues from frozen russian assets. Together with our partners, we are forcing russia to pay for its crimes and destruction. Since the…
— Denys Shmyhal (@Denys_Shmyhal) June 30, 2025
Grateful to Canada, Prime Minister Mark Carney, 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.
