Ukraine's Minister of Finance, Serhiy Marchenko, and Canada's Minister of International Development, Ahmed Hussen, held discussions focused on Ukraine's financial stability and ongoing reforms. A key topic of the meeting was Canada's support for allocating $50 billion to Ukraine, which would be serviced and repaid through future earnings from frozen Russian sovereign assets.
This financial support is part of a broader initiative to ensure that Russia bears responsibility for the damages caused by its invasion of Ukraine. The funds are intended to meet Ukraine's priority needs, particularly military expenses, by leveraging profits from immobilized Russian assets.
Canada is a significant contributor among the G7 countries, having directed approximately $5.1 billion in various forms of aid to Ukraine. The Canadian government has consistently supported Ukraine since the beginning of the Russian invasion, providing financial, military, and humanitarian assistance, imposing sanctions on Russia, and advocating for the use of Russian assets to support Ukraine's recovery.
Marchenko emphasized the need for continued external support in the upcoming year, while also highlighting the Ukrainian government's efforts to increase internal revenue streams to sustain the state budget.
