2. Canada’s Prime Minister visits Canadian Armed Forces personnel training Ukrainian soldiers
On the second day of his official visit to Ukraine, Canada’s Prime Minister J. Trudeau visited Yavoriv Training Centre near Lviv, where he addressed Canadian Armed Forces personnel who are training Ukrainian soldiers as part of Operation UNIFIER. Trudeau stated, “The reason we’re here supporting Ukraine is not just because Ukraine is a good friend to Canada and the Ukrainian people are good friends to us. It’s because the values, the principles that they’re fighting for are the values and principles that we stand for and that we fight for,” the CBC reported.
3. Bombardier, Ukrainian Railways sign Memorandum of Understanding
Bombardier Transportation and Ukrainian Railways signed a Memorandum of Understanding (MoU) “to explore the creation of joint industrial activities in Ukraine. Both parties agree to work closely together to define the best possible way to rapidly and cost-efficiently upgrade Ukrainian Railways’ locomotive fleet. The agreement was signed in Kyiv on July 11, 2016 by Wojciech Balczun, Head of the Board, JSC Ukrainian Railways and Erwin Gerber, Head of Locomotives Business Unit, Bombardier Transportation, in the presence of Volodymyr Groysman, Prime Minister of Ukraine, Justin Trudeau Prime Minister of Canada, Volodymyr Omelyan, Minister of Infrastructure of Ukraine and Chrystia Freeland, Minister of International Trade of Canada,” Bombardier reported. Gerber stated, “Bombardier, as a global leader in rail technology, is very proud to have been chosen by Ukrainian Railways, the largest rail cargo operator in Europe, to play an important role in their impressive transformation program aimed at modernizing and replacing their locomotives fleet.”
4. Pratt and Whitney Canada to provide turboprop engines to Antonov
Pratt and Whitney Canada and Antonov signed a Memorandum of Understanding (MOU) to provide Antonov’s AN-132 aircraft program with a new version of the PW150A turboprop engine. The AN-132 is part of a new generation of light, multipurpose aircraft. “The AN-132 – intended for short- and medium-haul routes – will have varied use, from troop transport to cargo and can be outfitted with a variety of cabin configurations. The aircraft will have a maximum cruising speed of 500 kilometers per hour and a maximum cruising altitude of 9,000 meters with a maximum payload of 9.2 tonnes,” Pratt and Whitney Canada stated.
5. Ukraine bonds rally
Bloomberg reported that the yield on Ukraine’s three-year dollar debt bonds fell below 8 percent for the first time since January 2014. “The rally signals investors are wagering on the country’s recovery after a $15 billion debt restructuring last year and as the government edges closer to unlocking the next payment in a $17.5 billion bailout from the International Monetary Fund,” Bloomberg reported.