Canada providing $200M loan to Ukraine

OTTAWA – Canada will provide another low-interest, $200-million loan to Ukraine to help promote economic stability.

The government says the loan will come from Export Development Canada.

The loan agreement includes a provision enabling Canada to audit how the money is used and requires Ukraine to provide regular reports on the spending.

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It’s the second $200-million loan Canada has extended to the troubled country, which is fighting a Russian-backed rebel movement.

In supporting Ukraine, Canada has imposed a broad range of political and economic sanctions affecting more than 200 Russian and Ukrainian individuals and entities.

Canada has also provided Ukraine with a range of non-lethal security assistance and equipment, as well as training for members of its armed forces.