Canada to offer Ukraine C$220 million in economic aid

by Reuters
Thursday, 13 March 2014 20:20 GMT

OTTAWA, March 13 (Reuters) - Canada will offer C$220 million ($198 million) in aid to Ukraine to help promote sustainable economic growth and good governance, Foreign Minister John Baird said on Thursday.

He told reporters that C$200 million would be in the form of a loan or a loan guarantee based on a broader package that included support from the International Monetary Fund.

"It's not just a matter of writing a blank check: obviously the IMF is going to want to negotiate some pretty strict conditions and obviously Canada will take a strong role in ensuring any financial resources (have) the appropriate safeguards," he said.

Canada's Conservative government has spoken out strongly against Russian action in Ukraine, imposing a travel ban on the people it blames for the crisis and freezing the assets of those close to former Ukrainian President Viktor Yanukovich.

Latest News
Comments Close
Canada to offer Ukraine C$220 million in economic aid

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus