Canada has delivered a staggering $1.7 billion to Ukraine—but the funds came from frozen Russian assets, not Canadian taxpayers. Part of the G7’s ERA initiative, this marks a powerful new phase in economic warfare, with $18 billion already transferred to Ukraine in 2025 alone.
This report breaks down how the Extraordinary Revenue Acceleration program works, who’s paying what, and why this move could deepen Russia’s financial crisis. As Canada takes the lead, more allies are joining in, turning Putin’s war funds into Ukraine’s recovery budget.
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