Ukraine to receive $3 billion from frozen Russian assets – Shmyhal.

The agreement between Ukraine and Japan, approved by the Cabinet of Ministers of Ukraine, allows for approximately $3 billion to be received under the G7 Extraordinary Revenue Acceleration (ERA) initiative. This was reported by Prime Minister Denys Shmyhal.

It was noted that these funds will be secured by revenues from frozen Russian assets and directed to priority budget expenditures for the restoration and development of Ukraine.

In total, thanks to the ERA initiative, Ukraine plans to receive $50 billion. According to Denys Shmyhal, this is significant financial support for the country.

The Prime Minister expressed his gratitude to partners from the G7 countries and the European Union for creating a mechanism that obliges the Russian Federation to compensate for the damages inflicted on Ukraine. He also emphasized the importance of the G7 initiative.

Denys Shmyhal reminded that Russian strikes and hostilities have led to the deaths of many civilians along the front line in Ukraine. He noted that negotiations for a ceasefire in the war have brought even more danger to Ukrainian residents.

According to information from the UN and analysts, Russian missile and drone strikes, as well as hostilities, have resulted in a greater number of civilian deaths than in the same period previously. In April, 848 civilians were killed or injured, which is 46% more than in the same period last year.