Prime Minister Justin Trudeau announced more money for Ukraine on Tuesday, including a $200 million loan through the International Monetary Fund, at the end of the Group of Seven leaders’ summit in Germany.
Canada’s contribution comes as G7 leaders pledged to eliminate or ban the import of Russian coal and oil in response to that country’s war with Ukraine and the ensuing energy crisis, unleashed by invasion.
Trudeau said Canada remains committed to supporting Ukraine in defending its sovereignty and territorial integrity.
“It is important that the world does not lose its attention and focus on what is happening in Ukraine, we must and we will remain engaged until Ukraine and democracy prevail,” Trudeau said during the speech. ‘a press conference.
In addition to the loan to the Ukrainian government, Canada is providing $75 million in humanitarian assistance to support operations in Ukraine and neighboring countries.
Assistance will include the provision of in-kind food aid, emergency cash and vouchers, protection, shelter and health services.
Canada will also provide $52 million in agricultural assistance, including mobile grain storage equipment to increase grain storage capacity, as well as assistance to provide rapid diagnostic testing and animal disease surveillance to allow export certification.
“Our farmers generally face great challenges and have proven to be inventive and creative, so we will bring that expertise to Ukraine to help as much as possible,” Trudeau said.
Canada is also contributing $15 million to help fund demining efforts and $9.7 million for those tracking human rights abuses in Ukraine.
In their final communiqué for the G7 summit, the leaders said they were working to ensure that Russia does not exploit its position as an energy producer to profit from its aggression to the detriment of vulnerable countries.
Prime Minister @JustinTrudeau promises more aid and loans to #Ukraine at #G7 summit. #G7Ger
The conflict has severely tested energy markets in Europe and security of supply around the world.
Leaders also agreed to step up efforts to mitigate rising food prices and shortages, which have been exacerbated by Russia’s war in Ukraine.
They plan to expand their resettlement programs to accommodate the millions of Ukrainian refugees who have been displaced by the conflict.
This report from The Canadian Press was first published on June 28, 2022.