Canadian Prime Minister Justin Trudeau, left, attends a news conference with Ukrainian President Volodymyr Zelensky after their meeting in Kyiv, Ukraine's capital (Efrem Lukatsky/The Associated Press)
Reuters: Canada disburses C$450 mln loan to Ukraine for heating fuel
OTTAWA, Aug 17 (Reuters) - Canada has disbursed C$450 million ($348.1 million) in loans to Ukraine to support the purchase of necessary heating fuel before winter, Finance Minister Chrystia Freeland said in a statement on Wednesday.
The amount is a part of a C$1.95 billion in loans Canada committed to Ukraine to support Kyiv during the Russian invasion.
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WNU Editor: The official Canadian government announcement is here .... Canada disburses $450 million in loans to Ukraine (Government of Canada).
I heat my home with oil, and my cost has increased by about 70% in one year. The Canadian government has already made it very clear that there will be no support for oil consumers like me. And as for this $450 million loan. I am more than willing to bet that this money will never be repaid back.
Update: Did some thinking and I then realized that almost no one heats with oil in Ukraine. Certainly none of my friends or family members do. And then I did some digging and found that heating with oil is negligible in Ukraine (link here).
So where is this $450 million really going?
I am willing to bet that this money will be used to buy diesel/heating oil, but it will be used to fuel Ukrainian military vehicles, not homes.
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