Canada seeking to join EU’s 90 billion euro Ukraine loan
Canada is in talks to join the European Union’s 90 billion euro ($103.9 billion) loan program for Ukraine as Prime Minister Mark Carney looks to strengthen transatlantic ties and reduce dependence on the United States, the Financial Times reported on Sept. 13, citing sources.
Canada is engaged in negotiations to join the European Union's 90 billion euro loan program for Ukraine, as Prime Minister Mark Carney seeks to bolster transatlantic ties and lessen reliance on the United States, according to the Financial Times. The U.S. President Donald Trump's actions have disrupted the multilateral order, prompting Carney to forge an alliance of liberal states dedicated to upholding it.
By participating in the Ukraine loan package, Carney intends to showcase Canada's dedication to its European allies, as Britain is the sole non-EU nation to have already joined the initiative. Canada has already extended 6.5 billion Canadian dollars, around $4.7 billion, in military support to Ukraine. On September 10, Carney and Ukrainian President Volodymyr Zelenskyy inked a 100-year partnership pact during their visit to Canada.
European Commission President Ursula von der Leyen revealed on December 19, 2025, that Ukraine's financial assistance over the next two years would be sourced through EU borrowing on capital markets, with the debt repayment due after Russia compensates for its actions. In September 2026, the European Parliament urged the Council of the EU and the European Commission to swiftly discuss utilizing more than 200 billion euros ($231 billion) of frozen Russian assets to aid Ukraine, emphasizing that the 90 billion euro concessional loan for 2026-27 would be insufficient.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
