November 22, 2024
Budget support from Canada: how much has Ukraine received since 2022 #CanadaFinance

Budget support from Canada: how much has Ukraine received since 2022 #CanadaFinance

CashNews.co

Stock photo: Getty Images

Canada has provided Ukraine with over US$5 billion in direct budget support since the beginning of the full-scale Russian invasion of Ukraine in February 2022.

Source: Ukraine’s Finance Minister Serhii Marchenko

Details: “Canada is the third largest G7 member state in terms of funding [for Ukraine]with about US$5.1 billion. We are grateful to the Canadian government for its multilateral and crucial support since the first days of the Russian invasion,” said Marchenko.

Advertisement:



The minister added that Ukraine received about US$1.9 billion from Canada in 2022.

Ukraine obtained over US$1.75 billion in concessional funds in 2023. More than US$1.47 billion has been received by the Ukrainian treasury this year.

Background: On 13 August, Ukraine’s state treasury received €4.2 billion from the European Union. The total amount of EU funding secured in 2024 is more than €12 billion.

Support UP or become our patron!