SAVELLETRI DI FASANO — Prime Minister Justin Trudeau has announced that Canada is prepared to contribute $5 billion toward a loan to Ukraine that will be based on future revenue from frozen Russian assets.
Leaders of the G7 countries have agreed to engineer a US$50-billion loan to help Ukraine in its fight against Russia that would use interest earned on profits from Russia’s frozen central bank assets as collateral.The three-day summit is an opportunity for collaboration among the leaders of the wealthy democracies — France, Italy, Germany, the United Kingdom, the United States, Canada and Japan.
As leaders announced the increased support on Thursday, Canada joined the U.S. and the U.K. in delivering a stark warning over Russian interference in Moldova, which neighbours Ukraine. "They seek to foment negative public perceptions of Western governments, Moldova's incumbent leadership and Moldova's potential for EU integration, while degrading public confidence in Moldova's ability to secure itself and maintain rule of law"
Canada has also announced sanctions against 11 people and 16 entities connected to Russia's"military-industrial complex," the Prime Minister's Office said in a news release. That includes entities involved in circumventing sanctions on Russian oil.
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