A senior government source says Canada is prepared to contribute $5 billion toward a loan to Ukraine that will be based on future revenue from frozen Russian assets.
Prime Minister Justin Trudeau signs a G7 poster as he arrives to the G7 Summit in Savelletri Di Fasano, Italy on Thursday, June 13, 2024. THE CANADIAN PRESS/Sean Kilpatrick
Leaders of the G7 countries have agreed to engineer a US$50-billion loan to help Ukraine in its fight for survival 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.
Prime Minister Trudeau is scheduled to have meetings with German Chancellor Olaf Scholz, French President Emmanuel Macron and Ukrainian President Volodymyr Zelenskyy.
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