Business news from Ukraine

Canada to provide additional $410m to strengthen Ukraine’s security

13 July , 2023  

Canadian Prime Minister Justin Trudeau announced CAD541 million ($410 million) in new funding and projects to support Ukraine and strengthen transatlantic security at the NATO summit in Vilnius.

“The new funding for Ukraine builds on more than $8 billion in multifaceted assistance Canada has committed since the beginning of 2022, and builds on the Prime Minister’s announcement this week in Latvia to renew and expand Operation Reassurance, which is part of NATO’s defense and deterrence measures in Eastern Europe, and doubles Canada’s current presence in the country,” the Canadian head of government said in a statement on its website on Wednesday.

According to the prime minister, that Canada intends to provide Ukraine with additional drones with cameras, and will also provide training to the Ukrainian military as part of Operation Unifier in Canada.

In addition, the Prime Minister announced an additional CAD48.8 million ($37 million) to the Comprehensive Assistance Package for Ukraine, on top of the CAD34.6 million announced in April 2023, which will support NATO’s practical non-lethal assistance to Ukraine through the donation of materials including fuel, bridge equipment, radios and first aid supplies.

“Canada, along with Belgium, Denmark, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Sweden and the United Kingdom, signed a statement to form a joint coalition to train the Ukrainian Air Force to operate and maintain F-16 fighter jets. By signing the statement, Canada commits to contribute to a multinational effort to train Ukrainian pilots, technicians and support personnel to operate and maintain F-16 fighter jets,” the statement reads.

Trudeau also announced an additional CAD2.7 million ($2.05) in cybersecurity assistance to Ukraine.