Canada joins EU’s Ukraine loan program
Canada will contribute EUR500 million ($585 million) to the European Union’s EUR90 billion ($105.3 billion) loan program for Ukraine, Prime Minister Mark Carney announced on Oct. 30.
Canada has announced a EUR500 million ($585 million) contribution to the European Union's EUR90 billion ($105.3 billion) loan program for Ukraine, Prime Minister Mark Carney announced on Oct. 30. This initial contribution is part of Canada's commitment as outlined in the recently established association agreement between Canada and the European Union.
The move comes in response to Ukrainian President Volodymyr Zelenskyy's request for at least EUR70 billion ($81.9 billion) in additional defense and weapons aid in 2027, highlighting Canada's support for Ukraine's ongoing military efforts.
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