Canada loaning $120M to Ukraine, looking at further actions in face of Russian aggression
CTV
Canada will loan the Ukraine government up to $120 million in the face of Russia's ongoing attempts to destabilize Ukraine, and continues to explore 'other' ways to get involved, Prime Minister Justin Trudeau announced Friday.
“Russia is aiming to destabilize Ukraine, including economically. This loan will help support Ukraine's economic resilience,” Trudeau said. “We're also exploring other options to provide financial and other supports.”
The government says it has also offered Ukraine a “technical assistance grant of up to $6 million to support the implementation of the loan,” with officials in talks about the terms of the sovereign loan and its rollout.
This isn’t the first time Canada has loaned Ukraine money. In 2014 and 2015 a total of $400 million was provided and it was repaid with interest as of 2020, according to the government.
Facing a series of questions from reporters on the developing situation, Trudeau said the federal government is still assessing other requests for assistance, which have included an ask for weapons. He wouldn’t specify what Canada’s line would be for sending armed support, whether an incursion or Russian troops entering Kyiv.
