Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Canada to give C$76 million to help buy air defenses for Ukraine

Published 05/10/2024, 11:43 AM
Updated 05/10/2024, 11:48 AM
© Reuters. FILE PHOTO: Canada's Minister of National Defence Bill Blair arrives to attend a conference in support of Ukraine with European leaders and government representatives at the Elysee Palace in Paris, France, February 26, 2024. REUTERS/Gonzalo Fuentes/File P

OTTAWA (Reuters) - Canada will contribute C$76 million ($55.7 million) to a German-led initiative that aims to quickly source and deliver air defense systems to Ukraine to fend off Russian attacks, Defence Minister Bill Blair said on Friday.

Blair made the announcement during a visit by German counterpart Boris Pistorius. Berlin launched the initiative last month, citing increased Russian strikes.

"These systems will help defend against Russian aerial attacks that have killed thousands of Ukrainians and destroyed hospitals, power plants and apartment blocks," Blair said.

© Reuters. FILE PHOTO: Canada's Minister of National Defence Bill Blair arrives to attend a conference in support of Ukraine with European leaders and government representatives at the Elysee Palace in Paris, France, February 26, 2024. REUTERS/Gonzalo Fuentes/File Photo

Since Russia invaded Ukraine in February 2022, Canada has committed over C$14 billion in total support for Ukraine, including C$4 billion in military assistance.

($1 = 1.3641 Canadian dollars)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.