Skip to content
Edit post

Canada allocates $1.5 billion to Ukraine to finance budget deficit

by Kateryna Hodunova March 21, 2024 9:19 AM 1 min read
Canadian Prime Minister Justin Trudeau during a news conference on Sept. 22, 2023, during President Volodymyr Zelensky's visit to Ottawa. (David Kawai/Bloomberg via Getty Images)
This audio is created with AI assistance

Canada provided Ukraine with 2 billion Canadian dollars ($1.5 billion), which will be used to finance the budget deficit, including social assistance, Prime Minister Denys Shmyhal wrote on March 21 on X.

Canada has allocated almost 7 billion Canadian dollars ($5.19 billion) in financial aid to Ukraine since the beginning of Russia's full-scale invasion, according to Shmyhal.

"We are thankful to the Canadian people and the government, who remain our reliable allies in these difficult times," Shmyhal wrote.

Earlier, Canada pledged nearly $30 million to the Czech Republic's initiative to provide Ukraine with artillery shells, which are a crucial capability for Ukraine as the country faces critical ammunition shortages, and $60 billion in aid for Kyiv from the U.S. remains stalled in Congress.

Canada also officially joined Latvia- and U.K.-led drone coalition in March, additionally donating over 100 Canadian-made specialized drone cameras to Ukraine from L3 Wescam. Previously, Canada's Defense Minister Bill Blair said that Canada would supply Ukraine with over 800 SkyRanger R70 multi-mission drones.

European Commission delivers $4.8 billion to Ukraine in first tranche of macro-financial assistance
“Today we also made the first payment of 4.5 billion euros under the Ukraine Facility, our 50 billion euro ($54 billion) package to support the recovery, reconstruction and modernization of Ukraine,” said Josep Borrell, the EU’s top diplomat.

News Feed

5:15 AM

Media identifies nearly 85,000 Russian soldiers killed in Ukraine.

According to the outlets' conclusions for the year, 2024 will likely mark the "war's deadliest year," with a current count of over 20,000 deaths confirmed over the past 12 months — although final conclusions cannot yet be made as data on casualties continues to emerge.
11:17 PM

Zelensky meets with CIA director in Kyiv.

President Volodymyr Zelensky said on Dec. 21 that he met with CIA Director William Burns in Ukraine, marking a rare public acknowledgment of their discussions during Russia’s full-scale invasion.
4:16 AM

IMF approves $1.1 billion in funding for Ukraine.

The IMF approved the $1.1 billion tranche after completing its sixth review of the Extended Fund Facility (EFF), a plan to provide Ukraine with over $15 billion in budget support over four years.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.