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Reuters
Reuters
Business
By Rod Nickel

Canada raising money for Ukraine with sale of bonds

FILE PHOTO: Canada's Prime Minister Justin Trudeau attends a news conference in Ottawa, Ontario, Canada February 28, 2022. REUTERS/Blair Gable

Canada will sell a government-backed, 5-year bond to raise money for Ukraine, the first country to do so, and it will impose new sanctions on 35 Russian individuals, including Gazprom executives, Prime Minister Justin Trudeau said on Friday.

"Canadians will now be able to go to major banks to purchase their sovereignty bonds which will mature after five years with interest," Trudeau told an annual meeting of the Ukrainian Canadian Congress in Winnipeg.

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