Canada offers US$100 million loan to support Ukrainian economic resilience, development

In response to Ukraine's growing economic strain from Russian aggression, Harjit Sajjan, Canada’s Minister of International Development, and Mélanie Joly, Canada’s Minister of Foreign Affairs, announced that Canada has offered a loan of up to CA$120 million (US$95 million) to the Government of Ukraine. In addition, Canada has offered to provide a technical assistance grant of up to CA$6 million (US$5 million) to support the implementation of the loan. 

The loan is intended to support the country’s economic resilience and governance reforms. This support will help reinforce Ukraine’s economy amid Russia’s efforts to destabilize Ukraine’s economic system, which is jeopardizing peace and security in Europe. Canada has also called on Russia to de-escalate and engage in meaningful dialogue.

Press release - Global Affairs Canada