Canada
Canada's Sovereignty Bonds: A new way to support Ukraine
Washington/IBNS: Canada will offer a new fiver year bond backed by the Government for sale to raise money for Ukraine, and apply new sanctions on 35 Russian individuals which includes Gazprom personnel, as per media reports.
"Today, we are announcing that Canada will be offering a new government-backed Ukrainian sovereignty bond," Trudeau said at the meeting of the Congress of Ukrainian Canadians.
People can purchase such bonds at major Canadian banks, Trudeau said.
The bonds will mature after five years with interest, he added.
Trudeau pointed out that the new bond will be similar to others backed by the government.
"These funds will go to support the government of Ukraine, so they continue to support the Ukrainian people," Trudeau said.
In response, Ukrainian President Vlodymyr Zekensky on Twitter said the bond, "will allow everyone to contribute to our victory."
The collected wealth would go a long way in aiding Ukraine financially for "providing essential services to Ukranians, like pensions, and purchasing fuel before winter," Trudeau tweeted.
(With UNI Inputs)
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