Canada has unveiled a new round of sanctions targeting Russia over its invasion of Ukraine, along with a new loan of $250 million to help Ukraine’s government continue functioning.
Speaking by phone Friday after meeting with G7 finance ministers in Bonn, Germany, Finance Minister Chrystia Freeland said the additional funding brings Canada’s financial commitment to Ukraine to $1.87 billion in 2022.
Freeland said G7 nations are resolute in their ongoing support for Ukraine and have expressed interest in legislation Parliament is considering that would allow Canada to go beyond freezing Russian assets.
Freeland said the legislation — contained in the budget implementation act currently working its way through committee — would allow Canada to confiscate Russian assets and use them to help Ukraine.
“Ukraine’s financial needs are huge and the needs for the rebuilding are huge…
