The Prime Minister of Canada Justin Trudeau wrote on Twitter on November 21, 2022, that Canada had issued “Ukraine Sovereignty Bonds” in the amount of 500 million dollars.
Source: The Prime Minister of Canada Justin Trudeau
“Canadians can now purchase Ukraine Sovereignty Bonds. These bonds allow Canadians to provide direct support to Ukraine, so the Ukrainian government can keep providing essential services,” the Canadian Prime Minister noted on Twitter.
The amount of bonds is 500 million dollars.
Canadians who purchase these securities will buy five-year Canadian government bonds with an effective interest rate of 3.3%, which will depend on market conditions at the time of the transaction.
These funds will support Ukraine’s providing of essential services to citizens, such as pensions, purchasing fuel on the eve of winter, and restoring energy infrastructure as Russia’s war against Ukraine continues.
In addition, Canada also imposed additional sanctions against Russian individuals on November 14, 2022.
“These sanctions target 23 members of the Russian justice and security sectors, including police officers and investigators, prosecutors, judges, and prison officials, involved in gross and systematic human rights violations against Russian opposition leaders,” said Justin Trudeau.
See also: Canada will issue Ukraine Sovereignty Bonds to support essential services in Ukraine
