👀 Ones to watch: Undervalued stocks to buy before they report Q3 earningsSee Undervalued Stocks

Canada to give C$65 million in military aid to Ukraine

Published 10/18/2024, 02:34 AM
Updated 10/18/2024, 06:16 AM
© Reuters. Ukraine's President Volodymyr Zelenskiy and Canadian Prime Minister Justin Trudeau shake hands before their meeting during the United Nations General Assembly summit in New York City, U.S., September 24, 2024. Ukrainian Presidential Press Service/Handout

OTTAWA (Reuters) - Canada plans to give Ukraine a C$64.8 million ($47 million) military aid package that will include small arms, ammunition, and protective gear, Defense Minister Bill Blair said in a statement on Friday.

The aid package, which also allocates money for training Ukrainian troops, is part of a C$500 million military funding committed by Prime Minister Justin Trudeau in July.

"The military assistance announced today provides Ukraine with important resources needed to defend itself against Russian aggression. Canada will continue to do what it takes to help them achieve victory," Blair said.

Canada, one of Kyiv's strongest proponents internationally, last month said it would donate 80,840 surplus small unarmed air-to-surface rockets to Ukraine as well as 1,300 warheads.

© Reuters. Ukraine's President Volodymyr Zelenskiy and Canadian Prime Minister Justin Trudeau shake hands before their meeting during the United Nations General Assembly summit in New York City, U.S., September 24, 2024. Ukrainian Presidential Press Service/Handout via REUTERS/File Photo

Since Russia invaded Ukraine in February 2022, Canada has committed C$4.5 billion in military aid.

($1 = 1.3795 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.