Canada Considers Joining EU €90 Billion Ukraine Loan
Canada is negotiating participation in the European Union’s €90 billion loan for Ukraine, which will finance Kyiv’s budgetary and defense needs in 2026 and 2027. The talks come as Prime Minister Mark Carney seeks closer ties with Europe and aims to reduce Canada’s dependence on the United States.
Canada is in talks to contribute to the European Union's proposed €90 billion loan to Ukraine, according to reports. Prime Minister Mark Carney is keen on strengthening Canada's relationships with European nations and decreasing its reliance on the United States. The Financial Times reported that details of the potential Canadian contribution could be finalized by the EU-Canada summit in Montreal at the end of October.
Prime Minister Carney has attempted to unite liberal countries in support of a multilateral international order, which has been challenged by US President Donald Trump's policies. Currently, Britain is the only non-EU country participating in the loan initiative. European officials have expressed gratitude for Canada's support for Ukraine and indicated a willingness to do more.
The EU finalized the €90 billion loan in April to assist Ukraine's budgetary and defense needs in 2026 and 2027. The loan, financed through EU borrowing on capital markets and backed by the bloc's budget, includes €30 billion for macroeconomic and budgetary aid and €60 billion for Ukraine's defense capabilities and weapons procurement.
The assistance is contingent upon rule-of-law and anti-corruption reforms. The European Commission has already released €3.2 billion and €3.9 billion instalments for drone procurement.
Written by urgent.news from Kyiv Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
