Canada Gives Ukraine $1.7B Using Russian Assets

ukurier.gov.ua

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Creating a mechanism for complete confiscation of Russian assets is the fairest and most effective way to provide financial support to Ukraine. This was emphasized by Prime Minister Denis Shmygal during the multilateral round table “Mobilization and coordination of internal public resources” of the UN Conference on Financing for Development, which is being held in Spain.

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On Monday, June 30, the Executive Board of the International Monetary Fund approved the eighth review of the cooperation program with Ukraine under the Extended Fund Facility (EFF). Ukraine will soon receive the ninth tranche of funding of almost $500 million, Prime Minister of Ukraine Denis Shmygal said on Telegram. According to Shmygal, funding will be used to cover priority budget expenditures. Complemented by...