Trudeau announces new financial assistance of $350 million to Ukraine

Prime Minister Justin Trudeau announced on Tuesday a new loan of $200 million to support Ukraine’s solvency as well as an investment of $150 million in humanitarian development and security.

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This last envelope will go in particular to the search for solutions in agriculture, while the war in Ukraine has greatly weakened the exports of this grain-producing country.

“In Canada, our farmers generally face great challenges and have proven themselves to be inventive and creative. We will therefore bring this expertise to Ukraine to help as much as possible, ”said Mr. Trudeau, passing through Germany for a G7 summit earlier this week.

The announcement comes as Canada added more than 80 individuals and entities linked to the Russian invasion to its sanctions list on Monday.

Trudeau said the government is preparing to impose further sanctions against individuals and entities that contribute to the Russian government’s disinformation operations. Canada is also expected to soon ban imports of gold products from Russia.

“It is important that the world does not lose sight of what is happening in Ukraine,” he said.

The Canadian gas in question

The Prime Minister has been hounded by journalists on the issue of gas supplies to European countries, which still depend to varying degrees on imports of Russian natural gas.

There are regular conversations about this with European partners, and the G7 summit in Germany that ends on Tuesday was no different.

Mr. Trudeau insisted on the fact that Canada and the rest of the world must continue to move towards a world that runs without fossil fuels, but that in the “short term” Canada would slightly increase its oil exports.

The Prime Minister stressed that the infrastructure needed for the export of liquefied natural gas would be “of the same type that will be needed during our transition to hydrogen”.

“Many conversations” are taking place with German Chancellor Olaf Scholz about this, given that Germany is one of the European countries most dependent on Russian gas.

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