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Military operation in Ukraine

Canada to provide $1.76-billion loan to Ukraine in 2023

Besides, $146.7 million will be allocated for providing military equipment to Ukraine, including eight Leopard 2 tanks

Ottawa Dasser/Shutterstock/FOTODOM

Ottawa

© Dasser/Shutterstock/FOTODOM

OTTAWA, March 29. /TASS/. The government of Canada is set to allocate a loan worth 2.4 billion Canadian dollars ($1.76 billion at the current exchange rate) to the Kiev government, according to the country’s draft federal budget.

The document, published on Wednesday, promises the Kiev government an additional loan of 2.4 billion Canadian dollars for 2023, which will be provided through the International Monetary Fund (IMF).

Besides, 200 million Canadian dollars ($146.7 million) will be allocated for providing military equipment to Ukraine, including eight Leopard 2 tanks. Another 84.8 million Canadian dollars ($62.2 million US dollars) will be allocated for humanitarian aid to the country in 2023-2024.

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Ukraine Canada Military operation in Ukraine

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Russian military base may appear in CAR’s eastern region — President Touadera

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FACTBOX: Collective Security Treaty Organization

The Collective Security Treaty came into force on April 20, 1994 to herald the emergence what would eventually become the Collective Security Treaty Organization. The six member-countries are Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan

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