WASHINGTON, January 28 (Sputnik) — Canada is going to provide an additional $200-million-low-interest loan to Ukraine, bringing the total value of loan agreements between the countries to $400 million, Canadian Prime Minister Stephen Harper's Press Office said in a Wednesday press release.
The statement added that the funds will be disbursed following agreement on the terms and conditions of the first $200-million-loan that Ukraine received back in September 2014.
Additionally, the country has already supplied Kiev with a range of non-lethal security assistance and equipment.
The internal conflict in Ukraine has had a direct impact on the country's economy. The Kiev authorities are attempting to rescue the economy with international loans.
In spring 2014, the International Monetary Fund (IMF) promised Kiev a total of $17 billion in bailout loans, to be paid over the course of two years. A number of western countries allocated funds to Ukraine to help the country rebuild its economy and enact necessary structural reforms.