Canada will provide additional assistance to Ukraine to ensure “resilience and recovery” in the amount of 129 million Canadian dollars and more than $40 million, the press service of the Canadian government reported.
This was reportedly announced by Canadian Prime Minister Justin Trudeau, who is in Kyiv to mark the second anniversary of Russia’s full-scale invasion of Ukraine.
“Prime Minister Justin Trudeau is visiting Ukraine today with international partners to reaffirm our continued and unwavering support for Ukraine,” the Canadian government said in a statement on its official website on Saturday.
“The Prime Minister of Canada has announced new support for Ukraine’s efforts to build resilience and recovery,” the statement said. It provides for the allocation of 75 million Canadian dollars for demining, cyber support and intelligence support, 15 million Canadian dollars to help create the National Museum of the Holodomor Genocide of 1932 and 1933 in Kyiv, up to 39 million Canadian dollars for mental health assistance, food support and for the reconstruction and restoration of local communities.
It is also reported that more than $22 million will be allocated “in humanitarian assistance to support United Nations and Red Cross partners in providing critical assistance, including emergency medical interventions, protection services, shelter, water, sanitation and nutrition, and promoting compliance with international humanitarian law.” More than $18 million will be allocated to support various projects: “from demining to reducing threats from nuclear or radiological materials and chemical weapons, as well as combating disinformation.”
Earlier, it was reported that President of Ukraine Volodymyr Zelenskyy and Canadian Prime Minister Trudeau signed a Security Agreement in Kyiv, which provides for the allocation of Canadian assistance in the amount of 3 billion Canadian dollars in 2024.
On Friday, February 23, Ukrainian Foreign Minister Dmytro Kuleba met with Spanish Foreign Minister Jose Manuel Albares.
“During our meeting, I thanked Jose Manuel Albares for Spain’s support and solidarity with Ukraine. Spain will prepare a new package of military assistance to Ukraine, which will include ammunition. We also discussed President Zelenskyy’s Peace Formula and the Global Peace Summit in Switzerland,” Kuleba wrote on social network X.
“We agreed that Ukraine’s accession to the EU is on the right track,” the Foreign Minister added.
Benchmark oil prices are falling on Monday morning after falling on Friday and last week.
The price of April futures for Brent on the London ICE Futures exchange at 78:11 Q4 is $81.33 per barrel, which is $0.29 (0.36%) lower than at the close of the previous session. Last Friday, these contracts fell by $2.05 to $81.62 per barrel.
Quotes for WTI futures for April in electronic trading on the New York Mercantile Exchange (NYMEX) by this time decreased by $0.33 (0.43%) to $76.16 per barrel. At the end of the previous session, they fell by $2.12 to $76.49 per barrel.
Over the past week, both brands fell by more than 2%.
Traders are keeping an eye on the situation in the Middle East and are waiting for the OPEC+ meeting to discuss the extension of oil production restrictions for another quarter.
“We still expect OPEC+ to extend production cuts into the second quarter of 2024 and begin to gradually lift them only in the third quarter,” Goldman Sachs analysts wrote.
The bank believes that oil prices will fluctuate between $70 and $90 per barrel.
Meanwhile, data from the oilfield services company Baker Hughes showed that over the past week, the number of operating oil rigs in the United States increased by six to 503 units. Meanwhile, the number of gas rigs decreased by one to 120.
Bulgarian Prime Minister Nikolay Denkov and a government delegation have arrived in Ukraine on a visit, Bulgarian National Television (BNT) reports.
The delegation also includes the ministers of justice, environment and energy – Atanas Slavov, Yulian Popov and Rumen Radev, deputy ministers of defense and foreign affairs – Stanimir Georgiev and Tikhomir Stoychev, as well as the head of the Defense Ministry, Admiral Emil Eftimov.
Details of the visit were not disclosed.
Geographic structure of Ukraine’s foreign trade in 2023
Source: Open4Business.com.ua and experts.news
