Canada pledges initial €500m to EU loan for Ukraine
Canada says it will initially contribute €500 million to the EU’s €90 billion Ukraine loan. The funding comes as Kyiv seeks additional support to cover a projected shortfall in 2027.
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Canada will make an initial €500 million contribution to the European Union’s €90 billion loan for Ukraine, Prime Minister Mark Carney announced after a Canada-EU summit in Montreal on Friday, 30 October.
The loan is intended to support Ukraine in 2026 and 2027. Canada’s government confirmed its intention to take part, saying the arrangement would allow Ukraine to buy military equipment from Canadian defence companies using EU funds. Its backgrounder did not specify Canada’s contribution; the €500 million figure was reported by ANP and The Kyiv Independent, citing Carney’s announcement.
Ukraine has warned of a major funding gap next year. President Volodymyr Zelensky has asked the EU for at least €70 billion in additional support for 2027, beyond the €45 billion already planned for that year under the loan. His request to EU leaders comes as further EU financing is due to be discussed at meetings in November, according to ANP.
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