The government has approved an agreement with Japan that will allow it to receive $3 billion in revenue from frozen Russian assets

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Date

02 May 2025


The government has approved an agreement with Japan that will allow it to receive approximately $3 billion under the Extraordinary Revenue Acceleration (ERA) initiative.

 

These funds will be secured by revenues from frozen Russian assets and will be directed towards priority budget expenditures, reconstruction and development of Ukraine. In total, Ukraine will attract $50 billion under this mechanism.

 

Source: Babel