Canada is disbursing the first installment of 5 billion Canadian dollars ($3.5 billion) it contributed to the G7's $50 billion loan for Ukraine, Canadian Prime Minister Justin Trudeau announced on Feb. 24.
The G7 loan, shouldered mainly by the U.S. and the EU, will be repaid by proceeds from roughly $300 billion in Russian assets held in Western bank accounts. The Canadian prime minister did not specify the sum of the first installment.