Close X
Thursday, December 12, 2024
ADVT 
National

Canada extends a second, $200M loan to Ukraine to promote economy

Darpan News Desk The Canadian Press, 28 Jan, 2015 11:23 AM

    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.

    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.

    Prime Minister Stephen Harper has been an outspoken supporter of Ukraine against Russia.

    The prime minister visited the country twice last year, while Ukrainian President Petro Poroshenko visited Canada and addressed a joint session of Parliament last September.

    "The loan announced today will help promote economic and social stability as the Ukrainian government works to re-build itself into a democratic, independent, and prosperous country, free from aggressors," Harper said in a statement.

    MORE National ARTICLES

    Federal Government Announces $35 Million For Research At Universities

    Federal Government Announces $35 Million For Research At Universities
    SASKATOON — The federal government has announced more than $35 million in research infrastructure funding for 37 Canadian universities where scientists are pushing the boundaries of knowledge in areas such as breast cancer prevention, intelligent drone technology and better pet food.

    Federal Government Announces $35 Million For Research At Universities

    Edmonton woman wins $15 million in Lotto Max draw from last October

    Edmonton woman wins $15 million in Lotto Max draw from last October
    EDMONTON — An Edmonton woman has won $15 million playing the Lotto Max.

    Edmonton woman wins $15 million in Lotto Max draw from last October

    Finance Minister Joe Oliver vows balanced budget in 2015

    Finance Minister Joe Oliver vows balanced budget in 2015
    DAVOS, Switzerland — Finance Minister Joe Oliver says he will not budge from his plan to deliver a balanced budget come April, even with the recent decline in crude oil prices.

    Finance Minister Joe Oliver vows balanced budget in 2015

    Royal Bank to buy U.S.-based City National in US$5.4-billion deal

    Royal Bank to buy U.S.-based City National in US$5.4-billion deal
    TORONTO — Several years after selling its U.S. retail banking business, the Royal Bank of Canada (TSX:RY) is venturing south of the border again, with a US$5.4-billion deal to acquire Los Angeles-based City National Corp.

    Royal Bank to buy U.S.-based City National in US$5.4-billion deal

    B.C. Boys Who Made 'How To Kill Your Teacher' Video Say It Was A Joke

    B.C. Boys Who Made 'How To Kill Your Teacher' Video Say It Was A Joke
    CASTLEGAR, B.C. — Two boys who made an online video titled "How to Kill Your Teacher" have told police in Castlegar, B.C., that it was intended as a joke.

    B.C. Boys Who Made 'How To Kill Your Teacher' Video Say It Was A Joke

    RCMP Brass Launch Review Of Kamloops Officer's Shooting; Corporal Still Recovering

    RCMP Brass Launch Review Of Kamloops Officer's Shooting; Corporal Still Recovering
    KAMLOOPS, B.C. — Mounties in British Columbia's Interior say an internal review is now running parallel to the criminal probe into last month's shooting of an RCMP officer.

    RCMP Brass Launch Review Of Kamloops Officer's Shooting; Corporal Still Recovering