Canada to Contribute $5B Toward Ukraine Loan, Source Says as G7 Leaders Meet in Italy

Published on June 13, 2024

Canada is prepared to contribute $5 billion toward a loan to Ukraine that will be based on future revenue from frozen Russian assets, a senior government source confirmed on on June 13. The source, who is not being named because they are not authorized to discuss details publicly, says G7 leaders are finalizing details of the loan. 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 news comes on the first day of the G7 leaders’ summit taking place in Apulia, Italy....

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