Canada announced on Friday that it will sell a five-year government-backed bond to raise funds for Ukraine.
It will also impose new sanctions on 35 Russian individuals, including executives from Gazprom.
“Canadians will now be able to go to major banks to purchase their sovereignty bonds, which will mature with interest after five years,” Prime Minister Justin Trudeau said.
“These funds will go to support the government of Ukraine so they can continue to support the Ukrainian people.”
Mr Trudeau did not say when the bonds would go on sale.
The proceeds will “help the (Ukrainian) government continue operations, including providing essential services to Ukrainians, like pensions, and purchasing fuel before winter,” a statement added.
The equivalent of the income raised will be channelled “directly to Ukraine” through an International Monetary Fund-administered account.
Mr Trudeau also announced new sanctions on 35 senior officials of energy sector entities, including Gazprom “and its subsidiaries,” according to a statement, plus six other “energy sector entities.”
“We will continue to tighten the screws on anyone abetting this illegal invasion,” he said.