Prime Minister Denys Shmyhal of Ukraine has confirmed that the country has received $1.7 billion, equivalent to approximately CAD 2.3 billion, from Canada through the Extraordinary Revenue Acceleration (ERA) initiative. The funding is part of Canada’s ongoing efforts to support Ukraine’s recovery and security amidst the ongoing conflict.
The Extraordinary Revenue Acceleration initiative is designed to facilitate the rapid transfer of financial resources to Ukraine, enabling the country to bolster its military capabilities, infrastructure development, and humanitarian efforts. The Canadian government has emphasized that this aid is crucial in maintaining Ukraine’s resilience and countering the challenges posed by the conflict.
Shmyhal expressed gratitude for Canada’s continued support, stating that the aid will play a vital role in Ukraine’s ability to sustain its operations and protect its citizens. The administration has also stressed the importance of international solidarity in the face of the ongoing crisis, highlighting the need for sustained financial and diplomatic assistance.
The funding marks another significant contribution to Ukraine’s war effort, with Canada reinforcing its commitment to the country’s security and stability. As the conflict continues, the international community remains engaged in providing various forms of support to ensure Ukraine’s long-term recovery and security.