Tuesday, July 16, 2024
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HomeNewsGlobal NewsCanada announces more support for Ukraine

Canada announces more support for Ukraine

OTTAWA, Canada – Prime Minister Justin Trudeau has announced that Canada will provide additional military aid to Ukraine sourced from Colt Canada.

During the visit today, the prime minister of Ukraine, Denys Shmyhal, reiterated Canada’s solidarity with and support for Ukraine as it defends itself against Russia’s brutal, full-scale invasion.

Prime minister Trudeau also announced Canada has disbursed a $2.4 billion loan to the government of Ukraine to support essential services, such as pension payments, purchasing fuel, and restoring damaged energy infrastructure. This funding, announced in budget 2023, brings Canada’s total commitment to Ukraine since the beginning of Russia’s illegal full-scale invasion to over $8 billion.

During the visit, the leaders focused on efforts to rebuild Ukraine, including by hosting Canadian business leaders to discuss opportunities for Canadian trade and investment in Ukraine, particularly the essential role that private sector investment will play in Ukraine’s long-term reconstruction.

To strengthen our trade ties and help support Ukraine’s economic recovery, prime minister Trudeau and prime minister Shmyhal signed a joint declaration on the conclusion of negotiations for the modernization of the Canada-Ukraine Free Trade Agreement (CUFTA), and underscored the need to complete the processes to implement it as quickly as possible. A modernized CUFTA supports long-term security, stability, and economic development in Ukraine, as well as the creation of good middle-class jobs here in Canada.

Canada and Ukraine signed a bilateral Youth Mobility Agreement, which young people from both countries will benefit from when travel to Ukraine becomes safe. The Agreement further deepens the strong bonds between our peoples and our two countries. It will open up new opportunities for youth to work and travel, including opportunities for Canadian youth to help rebuild Ukraine once Russia withdraws its forces from the country.

To maintain the pressure on the Russian regime, prime minister Trudeau announced new sanctions targeting 14 Russian individuals and 34 entities complicit in Russia’s war in Ukraine, including several security targets linked to the Wagner Group and Russia’s aviation sector. In addition, to further pressure Putin’s enablers in Belarus, the prime minister announced additional sanctions on nine entities related to the Belarusian financial sector.

During prime minister Shmyhal’s time in Canada, Saskatoon-based Cameco and Ukraine’s state-owned Energoatom signed a major supply contract in which Cameco will provide the necessary uranium to meet Ukraine’s nuclear fuel needs until 2035. This supply contract, which builds on the partnership agreement signed earlier this year, will help Ukraine keep the lights on, while creating and supporting good, middle-class jobs here in Canada.

Prime minister Trudeau reiterated to prime minister Shmyhal that Canada will stand with Ukraine for as long as it takes.

“Canada remains steadfast in our support for Ukraine and to helping Ukrainians defend their sovereignty, territorial integrity, and independence. I am incredibly happy to welcome prime minister Shmyhal to Canada and to work directly with him to keep doing everything we can to support Ukrainians, deepen our ties, promote our shared vision of a peaceful and secure future, and create economic opportunities for people in both our countries,” said prime minister Trudeau.

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