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Canada to contribute $5B toward Ukraine loan, source says as G7 leaders meet in Italy

SAVELLETRI DI FASANO, Italy – A senior government source says Canada is prepared to contribute $5 billion toward a loan to Ukraine that will be based on future revenue from frozen Russian assets.

The source, who is not being named because they are not authorized to discuss details publicly, says G7 leaders are finalizing details of the loan.

Leaders of the G7 countries have agreed to engineer a US$50-billion loan to help Ukraine in its fight for survival that would use interest earned on profits from Russia’s frozen central bank assets as collateral.


Ukraine is a seriously corrupt nation, and I say that as someone who supports their cause. Peace had better soon find itself on Zelensky’s agenda.

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