Canada will give Ukraine a loan of almost $ 350 million for the purchase of fuel
After that, the total amount of loans provided by Ottawa to Ukraine will reach $1.5 billion. According to the Rada, the loan is designed for ten years at 1.6%
Kyiv, archive photo
Canada will provide a 450 million Canadian dollar ($348.6 million) loan to Ukraine to buy fuel ahead of the winter season, according to the Canadian government website.
“Given today's $450 million loan that will help Ukraine to buy fuel for heating before the winter season, we have fulfilled all our loan obligations assumed by today,— quoted in the message were the words of Deputy Prime Minister and Minister of Finance Chrystia Freeland.
Together with the amount announced today, the total volume of loans allocated to Kyiv since the beginning of the year will reach 1.95 billion Canadian dollars ($1.51 billion). In total, Canada provided assistance to Ukraine for 3.4 billion Canadian dollars ($2.63 billion).
The fact that Ukraine plans to take a loan of UAH 12.7 billion ($350 million) from Canada for the purchase of gas ” Naftogaz, Rada deputy Yaroslav Zheleznyak reported last week. According to him, the loan is designed for ten years at 1.6%.
In early March, against the backdrop of a Russian military operation, Ukraine banned the export of gas from its territory, including gas stored in underground gas storage facilities.
In mid-June, Ukraine's Infrastructure Minister Oleksandr Kubrakov pointed to disruptions in fuel supply chains and stressed that Kyiv was forced to buy it “wherever you can get it.” Kubrakov explained that earlier the country used the nearest states and ports (Poland and Romania) for these purposes, but now the fuel comes from Belgium and the Netherlands.
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General Director of the GTS Operator Sergey Makogon in early July claimed that the upcoming heating season would be the most difficult in Ukrainian history. At that time, underground storage facilities housed 11 billion cubic meters. m of gas, by winter these volumes are planned to be increased to 19 billion cubic meters. m, he noted. This is enough to get through the heating season, Makogon explained.
In early August, Prime Minister Denys Shmyhal reported that the country was ready for the heating season by an average of 60%, and coal and gas storage facilities were replenished according to graphics.
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