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Canada to provide Ukraine with USD 398 mln loan amid Russian military operation

By ANI | Updated: April 14, 2022 07:50 IST

The Ukrainian Finance Ministry said it had signed a USD 398 million loan agreement with the Canadian government amid the Russian military operation.

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The Ukrainian Finance Ministry said it had signed a USD 398 million loan agreement with the Canadian government amid the Russian military operation.

"Ukrainian Finance Minister Serhiy Marchenko has signed a loan agreement with the Canadian government on providing Ukraine with a loan of 500 million Canadian dollars [$398 million] on favorable terms. The term of the loan amounts to 10 years," the ministry said in a statement on its Twitter page on late Wednesday.

Russia launched its military operation in Ukraine on February 24 to support the people's republics of Donetsk and Luhansk.

The Western countries have strongly condemned the Russian military operation in Ukraine calling it an invasion and imposed harsh sanctions on Moscow. (ANI/Sputnik)

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Ministry of Finance of UkraineSerhiy marchenkoMoscowDonetsk
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