PARIS — Deputy Prime Minister and Finance Minister Chrystia Freeland announced Tuesday at the Ukrainian People’s Solidarity conference in Paris that Canada will transfer $115 million in tariff revenue from imports from Russia and Belarus to protect the electricity grid in Ukraine’s Kiev repair capital.
This grid has been damaged by repeated attacks on Ukraine’s energy infrastructure, blamed on Russia.
On March 2, Canada applied a 35% tariff to nearly all goods entering Canada from Russia and Belarus.
Tuesday’s conference, co-chaired by France and Ukraine, will bring together partners, including donors and multilateral institutions, to address the most pressing challenges Ukraine will face during the winter season, including those related to energy, food – and water supply, health and transport.
French President Emmanuel Macron, European Commission President Ursula von der Leyen and Minister for Europe and Foreign Affairs Catherine Colonna will also attend the conference.
Since the Russian invasion of Ukraine began, Canada has disbursed $2 billion in direct financial assistance to Ukraine and pledged more than $2.5 billion in military, humanitarian and other assistance, equating to Canada’s overall engagement this year amounts to over 5 billion US dollars.
Added to this is the transfer of $115 million in customs revenue announced on Tuesday.
Canada also provides additional support to Ukraine through its participation in international financial institutions, including the International Monetary Fund (IMF), the World Bank and the European Bank for Reconstruction and Development.
Since the invasion of Russia began last February, these three institutions have collectively pledged to provide more than $28.5 billion in support of the Ukrainian people.
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