AnewZ Morning Brief - 17th August, 2025
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 17th of August, covering the latest developments you need to k...
Ukraine has received the first installment of 2.5 billion Canadian dollars (approximately $1.7 billion) from Ottawa under the G7's Extraordinary Revenue Acceleration (ERA) initiative, the Ukrainian Finance Ministry announced on March 13.
The $50 billion ERA mechanism provides loans to Ukraine, which will be repaid using future profits from frozen Russian assets.
According to the Ukrainian Finance Ministry, Canada’s contribution to the initiative amounts to $3.5 billion, with the loan set to be issued for a 30-year term.
"Canada is a reliable and steadfast partner of Ukraine. I am grateful for its support of the ERA mechanism—it is a fair and necessary tool to hold Russia financially accountable for its crimes in Ukraine," said Ukrainian Finance Minister Serhii Marchenko.
Since Russia's full-scale invasion in 2022, G7 countries have frozen approximately $300 billion in Russian sovereign assets.
The ERA initiative, primarily supported by the U.S. and the EU, seeks to utilize profits from these frozen assets to fund Ukraine's defense and reconstruction efforts.
Alongside Canada's contribution, Kyiv has also received £752 million ($970 million) as the first installment of the U.K.'s contribution to the G7 loan, Prime Minister Denys Shmyhal announced on March 7.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
A deadly heatwave has claimed 1,180 lives in Spain since May, with elderly people most at risk, prompting calls for urgent social support.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 17th of August, covering the latest developments you need to know.
Anti-government demonstrations in Serbia intensified on Saturday (August 16), as police deployed teargas and crowd-control vehicles to disperse protesters in Belgrade.
US President Donald Trump is pushing for a trilateral summit with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy as early as 22 August, according to Axios.
Air Canada announced Saturday that it has suspended all flights after 10,000 flight attendants launched a strike, forcing Canada’s largest airline to halt operations of both Air Canada and its low-cost subsidiary, Air Canada Rouge.
At least 31 people, including seven children and a pregnant woman, were killed and 13 others injured in artillery shelling by the Rapid Support Forces (RSF) on El Fasher’s Abu Shouk displacement camp in North Darfur on Saturday, volunteer groups said.
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