Deputy Prime Minister to attend the Standing With the Ukrainian People conference in Paris, France
News release
December 12, 2022 - Ottawa, Canada - Department of Finance Canada
The Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will represent Canada at the Standing With the Ukrainian People conference in Paris, France, on December 13.
Co-chaired by France and Ukraine, and bringing together partners including donors and multilateral institutions, the conference aims to respond to the most pressing challenges facing Ukraine during the winter, including energy, water, food supply facilities, health, and transportation.
Since the beginning of Russia’s brutal and illegal invasion, Canada has already disbursed $2 billion in direct financial assistance to Ukraine, and committed an additional $500 million through the successful issuance of a Ukraine Sovereignty Bond. Canada has also committed more than $2.5 billion in military, humanitarian, and other assistance to support Ukraine, for a total commitment of more than $5 billion so far in 2022.
Quotes
"The brave people of Ukraine continue to need the world’s support as they fight for their freedom and democracy, and Canada will continue to do everything we can to ensure they can make it through the winter and beat back Putin’s barbaric invasion. This conference is an important opportunity for us to work with our allies to provide the people of Ukraine with the resources they need to sustain their heroic resistance."
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance
Quick facts
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The issuance of the Ukraine Sovereignty Bond received strong demand from investors in Canada and abroad, with a total book order of $500 million.
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Canada played a leading role in the creation of the IMF’s multi-donor Administered Account for Ukraine, which assists Ukraine in meeting its balance of payments and budgetary needs, and in stabilizing the Ukrainian economy. To date, Canada has disbursed $1.45 billion to Ukraine through the IMF Administered Account.
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Canada is providing additional support to Ukraine through its shareholdings in international financial institutions, including the IMF, the World Bank, and the European Bank for Reconstruction and Development. Since the onset of Russia’s illegal invasion, these three institutions have together committed more than $28.5 billion to support the people of Ukraine.
Associated links
Contacts
Media may contact:
Adrienne Vaupshas
Press Secretary
Office of the Deputy Prime Minister and Minister of Finance
Adrienne.Vaupshas@fin.gc.ca
Media Relations
Department of Finance Canada
mediare@fin.gc.ca
613-369-4000
General enquiries
Phone: 1-833-712-2292
Facsimile: 613-369-4065
TTY: 613-369-3230
E-mail: fin.financepublic-financepublique.fin@canada.ca
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