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Canada allocates $1.5 billion to Ukraine to finance budget deficit

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Canada allocates $1.5 billion to Ukraine to finance budget deficit
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)

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.
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Kateryna Hodunova

News Editor

Kateryna Hodunova is a News Editor at the Kyiv Independent. She previously worked as a sports journalist in several Ukrainian outlets and was the deputy chief editor at Suspilne Sport. Kateryna covered the 2022 Olympics in Beijing and was included in the Special Mentions list at the AIPS Sport Media Awards. She holds a bachelor's degree in political journalism from Taras Shevchenko University and a master's degree in political science from the National University of Kyiv-Mohyla Academy.

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