Prime Minister Mark Carney announced an additional $2.5 billion in “economic assistance” for Ukraine as he met with Ukrainian President Volodymyr Zelenskyy in Halifax on Dec. 27.
Canada has previously given nearly $22 billion in total to Ukraine since February 2022, including more than $6.5 billion in military assistance.
Zelenskyy’s stop in Halifax came on his way to Florida for a meeting with U.S. President Donald Trump over a proposed peace plan.
Carney said the additional funds would help Ukraine “unlock” financing from the International Monetary Fund, World Bank, and European Bank for Reconstruction and Development.
According to the Prime Minister’s Office (PMO), the money will enable the International Monetary Fund to lend an additional $8.4 billion to Ukraine as part of an extended financing program. It will also act as a loan guarantee of up to $322 million to the European Bank for Reconstruction and Development to support Ukraine’s gas imports and reinforce its energy security, the PMO said….