Thursday, April 18, 2024

Canada's New Additional Ukraine Support Package


Yuliia Kovaliv, Ukraine’s Ambassador to Canada, has announced an Additional Package of Support for Ukraine from Canada’s Budget for 2024. "We have an additional package of support from Canada in the presented budget for 2024."

Details:

- Budget support in the Amount of about $1.7 billion, of which $1.4 billion has already been Transferred through the International Monetary Fund (IMF) Special Account, with an additional $289 million to be disbursed in the coming months.

- $1.15 billion under a New Five-year Military Assistance Program, in accordance with the Security Agreement Signed in Kyiv on February 24th, 2024.

- $157 million through the European Bank of Reconstruction and Development, to Finance Reconstruction Projects in Ukraine.

- $55 million to Finance Projects under the Program to support Peace and Security in Ukraine, including Humanitarian Mine Clearance.

In addition, Kovaliv said, the Budget states that Canada plans to Cooperate with International Partners and the G7 Countries to bring Russia to Justice, including through the Confiscation of Russian Sovereign Assets.









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