Skip to content
Edit post

CBC: Canada to extend a $1.7 billion loan to Ukraine

by The Kyiv Independent news desk March 29, 2023 3:50 AM 1 min read
This audio is created with AI assistance

Canada will extend a $2.4 billion Canadian dollars ($1.7 billion US) loan to Ukraine in the coming budget year to help prop up Ukraine's finances.

The measure is identified in the latest federal budget, tabled in Parliament on March 28 by Finance Minister Chrystia Freeland.

The new loan for Ukraine will be distributed through the International Monetary Fund.

It builds on Canada's previous fiscal supports for Ukraine, CBC reports, intended to offset the economic devastation brought by Russia's full-scale invasion.

Ukraine has received $5.4 billion (almost $4 billion US) in Canadian aid so far, including more than $1 billion ($735 million US) in military aid — both direct donations and equipment purchased for the Ukrainian military.

The budget also earmarks $200 million for military equipment and donations. Canadian officials acknowledge that most of that money has been spent already; the sum includes the recent donation of modern tanks.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
7:21 PM

Budanov: Russia's goals for 2024 same as previous two years.

Ukraine's military intelligence chief Kyrylo Budanov said that Russia’s goal is still to destroy Ukrainian statehood and reach the administrative border of Luhansk and Donetsk oblasts to “keep what they already have," but that they "have been unable to do (so) by military means."
6:23 PM

Budanov: Transnistria not planning to appeal to join Russia.

Concerns arose after the Institute for the Study of War issued a warning on Feb. 22 that Transnistria was possibly planning to organize a referendum on its annexation to Russia at an announced Transnistrian Congress of Deputies planned for Feb. 28.
10:52 AM

Trump wins South Carolina primary.

Former U.S. President Donald Trump won South Carolina's primary, where Republicans voted for their preferred presidential candidate, results showed on Feb. 25.
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
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.