Canada loaning Ukraine $120 million as tensions with Russia escalate

Prime Minister Justin Trudeau announced on Friday that the Canadian government is loaning up to $120 million (CAD) to the Ukrainian government amid the ongoing crisis with neighbouring Russia. Trudeau made the announcement just hours after the United States met with Russia to lower the temperature on the Ukrainian standoff. “Russia is aiming to destabilize Ukraine, including economically. This loan will help support Ukraine’s economic resilience,” he said.