Business news from Ukraine

Canada to provide macro-financial assistance to Ukraine again in 2024

24 September , 2023  

Canada will again provide macro-financial assistance to Ukraine in fiscal year 2024, Prime Minister Justin Trudeau said on Friday in Ottawa after talks with Ukrainian President Volodymyr Zelenskyy.

“We have confirmed that Canada will make a financial contribution to the consortia created by the leader of the United Kingdom to provide military equipment to Ukraine. To ensure that the government has the necessary resources to provide services to its people…today I confirm that we will again provide significant macroeconomic assistance to Ukraine in fiscal year 2024,” he said.

According to him, Canada is “changing its approach,” and now we will provide our assistance for several years, so that Ukraine knows and can receive support on a bilateral basis.

“We are helping farmers whose activities were interrupted by Russia’s actions. We will also provide assistance to the Holodomor Museum in Ukraine, and we will help all Ukrainians to promote mental health,” he said.

He noted that “the new assistance that has been announced builds on the base of almost $9 billion that we have committed to provide and help Ukraine.”

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