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Canada to allocate funds to assist Ukraine within five years

World Materials 17 April 2024 08:15 (UTC +04:00)
Canada to allocate funds to assist Ukraine within five years
Ingilab Mammadov
Ingilab Mammadov
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BAKU, Azerbaijan, April 16. Canadian authorities intend to supply Ukraine with lethal and non-lethal weapons worth 1.6 billion Canadian dollars ($1.16 billion) over the next five years, Canada's proposed federal budget for the next fiscal year (beginning April 1) says, Trend reports.

"Budget 2024 proposes $1.6 billion for Canada's Department of National Defense over five years, starting in 2024-25, to provide lethal and non-lethal military assistance to Ukraine," the document says.

In addition, the Canadian authorities intend to provide Ukraine with a loan of 2.4 billion Canadian dollars ($1.74 billion) through the International Monetary Fund (IMF) in 2024.

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