Ukraine receives USD 690M grant from Japan and Canada
Ukraine has secured a $690 million grant from Japan and Canada under the G7’s ERA mechanism.
According to Ukrinform, this was reported by the press service of the Ministry of Finance of Ukraine.
“Ukraine has received a USD 690 million grant from Japan and Canada under the G7’s ERA mechanism and through the World Bank’s PEACE in Ukraine project. <…> The funds have been transferred to the general fund of the State Budget of Ukraine and will be directed toward financing priority government expenditures, including old age social payments, social assistance programs, and housing and utility subsidies,” the statement said.
The grant financing is provided through contributions from international partners:
- USD 544 million – contribution from the Government of Japan;
- USD 146 million – contribution from Canada;
- USD 0.8 million – funds from the PEACE in Ukraine Multi-Donor Trust Fund.
“This represents the first tranche from Japan and the final tranche from Canada financed under the G7’s USD 50 billion Extraordinary Revenue Acceleration for Ukraine (ERA) mechanism,” the Ministry of Finance said.
Implementation of the ERA mechanism began in late 2024. Canada’s total contribution under this initiative amounts to CAD 5 billion (nearly USD 3.6 billion), of which two previous tranches totaling CAD 2.5 billion and CAD 2.3 billion were received by Ukraine in the spring and summer of 2025.
Japan’s contribution to the G7 financial support mechanism for Ukraine is expected to amount to JPY 471.9 billion (over USD 3 billion).
“I am grateful to the World Bank, as well as to the Governments of Japan and Canada, for the grant support provided. Thanks to our partners’ assistance, we are maintaining macro-financial stability and financing key budget expenditures. Since 2022, Japan has provided USD 9.5 billion in budget support to Ukraine, while Canada has delivered nearly USD 9 billion in direct budget assistance,” said Finance Minister Serhii Marchenko.
As reported, on February 6, 2026, the Ministry of Finance of Ukraine and the World Bank signed an agreement on grant funding under the Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE in Ukraine) project.
The PEACE in Ukraine project has been implemented since June 2022 and is aimed at ensuring the uninterrupted performance of key state functions since the start of Russia’s full-scale invasion. The total amount of funding mobilized under the project stands at $51.7 billion.
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