The money raised from the five-year, government-backed bonds is expected to be channelled as a loan to Ukraine through the International Monetary Fund so the country can continue basic operations
The federal government has finished issuing $500-million in bonds to support Ukraine, Prime Minister Justin Trudeau said Wednesday, pointing to the bond drive as another sign of Canada’s support for the embattled country.
In a statement, Finance Canada said a combination of Canadian and foreign investors snapped up the bonds between Nov. 22-29. That includes $50-million purchased by individual Canadians, though a full breakdown was not provided. That support came from NATO allies as the three countries’ foreign ministers met with their NATO counterparts in Brussels to discuss how the world’s biggest security organization could help them in the face of political, energy and territorial uncertainty precipitated by the war.
Russia’s war in Ukraine has had a particularly troubling effect on Moldova, Ukraine’s neighbour, which is currently facing a severe energy crisis due to its reliance on Russian energy. Bosnian Foreign Minister Bisera Turkovic said her country, where a government is in the process of being formed following the elections, “is very concerned about the future.”
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