Canada and our constituency partners are firmly committed to supporting the government and people of Ukraine in their fight against Russia’s illegal invasion. Since February 2022, Canada has provided over C$8 billion in direct financial, military, and humanitarian assistance to Ukraine, and imposed strict sanctions on Russia and Belarus. Ireland has contributed bilaterally, via EU support, and through extensive support to refugees.
The Extended Fund Facility will provide Ukraine with US$15.6 billion over four years, which will help to sustain Ukraine’s economic and financial stability, and support its economic recovery, long-term growth, and reconstruction efforts. The Extended Fund Facility will also support Ukraine as it makes continued progress on the reforms required to attain accession to the European Union.
1. The representatives of the Group of Creditors of Ukraine held a meeting on 23 March 2023, in the presence of representatives of the International Monetary Fund and the World Bank, to provide financing assurances to support the approval by the IMF Executive Board of the envisaged IMF programme for Ukraine, which would help to restore the country’s macroeconomic stability.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released the following statement regarding Trans Mountain Corporation’s (TMC) update on the Trans Mountain Expansion Project
Since the beginning of Russia’s illegal full-scale invasion of Ukraine on February 24, 2022, Canada and our international partners have imposed severe, wide-reaching sanctions on individuals and entities in Russia, Belarus, and Ukraine who are complicit in Putin’s illegal war.
On February 24 last year, Russia launched its illegal, unjustifiable, and unprovoked war of aggression against Ukraine, which is also an attack on the rule of law and the principles of the UN Charter. On the eve of the one-year mark, we reaffirm our unwavering support for Ukraine and unity in our condemnation of Russia’s war of aggression and the resulting tragic loss of life and destruction of property. We remain determined to foster international cooperation to uphold multilateralism and address the global economic hardships caused by Russia’s war and its weaponization of food and energy, which are disproportionately felt by low- and middle-income countries.
Throughout 2022 and looking ahead to the new year, our commitment to supporting Ukraine remains unwavering. The G7 will continue to stand firmly with Ukraine for as long as it takes. We reiterate the statement made by our Leaders on 12 December 2022 and join them in condemning Russia’s war of aggression and the resulting tragic loss of human lives as well as Russia’s continuous inhumane and brutal attacks targeting critical infrastructure, in particular energy and water facilities, and cities across Ukraine. We have a moral imperative to help Ukraine resist Russia’s unprovoked assault – an assault which is also an attack on the underpinnings of the rules-based international system.
