The Canadian federal budget announced C$450 million (about Ł391 million) in loans for Ukraine to help them buy heating fuel before winter.
The Canadian gov't has provided $350M for Ukraine to buy fuel before the cold season hits.
Today, the Honourable Chrystia Freelander, Deputy Prime Minister and Treasurer of Canada, announced the disbursements of $450 million in loan guarantees for Ukrainian energy companies to help them buy needed natural gas before winter.
This new federal funding complements the $1.5 billion already announced by the provinces last week.
Kiev will get its first IMF loan from Canada after fulfilling the commitments it made during G7 meetings in May and June, according to a government official.
On May 18-20, during the G7 finance ministers' meetings in Charlevoix, Ontario, Canada, Finance Minister Chrystia Freeland promised $193 million in loans from the International Monetary Fund (IMF) for Ukraine.
On June 26-28, during the G7 summit held in Charlevoix, Quebec, Canada's Prime Minister, Justin Trudeau, announced loans for Ukraine in the amount US$ 155 million which would also be disbursing through the International Monetary Fund (IMF), thus fulfilling the country's pledge to give USD 348 million.
At the end of August, the Trudeau government announced that, along with other western countries, it plans to suspend Ukraine’s debt for three years.
Canada has pledged $2.6 billion for Ukraine’s defense against Russia.