Ukraine Receives $691 Million in Grant Aid From Japan and Canada

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Ukraine receives nearly $691 million in grant aid from Japan and Canada

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Ukraine has received a grant from Japan and Canada under the World Bank's PEACE in UK programme of $690 million to finance pension payments, social support for the population and housing and community subsidies, as reported by the Ministry of Finance's Press Service, which indicates that this is the first tranche from Japan and the last tranche from Canada funded by the Extra-Oriorinary Revenue Administration for Ukraine G7 (ERA) totalling $50 b…

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Ukraine received $690 million under the G7 mechanism using income from Russian assetsUkraine received a grant of $690 million from Japan and Canada under the G7 ERA mechanism. The funds will be used to finance priority expenditures, including pensions and social programs.