Canada stands resolute in its support of Ukraine and for the rules-based international order.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that Canada will offer a loan of up to $500 million to the Government of Ukraine through the Bretton Woods and Related Agreements Act (BWRAA), to support the country's economic resilience in the face of Russian military aggression. This is in addition to Canada's offer for a loan up to $120 million, announced on January 21, 2022.
Earlier today, the Deputy Prime Minister and Minister of Finance joined her G7 counterparts in a statement of unity and determination to protect the sovereignty, territorial integrity, and economic stability of Ukraine. The G7 will continue to provide bilateral and multilateral economic support and work closely with international financial institutions, including the International Monetary Fund (IMF), to protect the fiscal and economic stability of Ukraine.
In the face of Russia's aggressive military build up in and around Ukraine, Canada will continue to support the stability of Ukraine's economy, while remaining committed to de-escalation.
