In a significant move to bolster Ukraine’s defense against Russian aggression, the European Union and Canada have committed to intensifying their support. This announcement emerged from the 21st EU–Canada summit held in Montreal on October 30, where Canadian Prime Minister Mark Carney met with European Commission President Ursula von der Leyen and European Council President António Costa. Central to this commitment is Canada’s intention to join the EU’s €90 billion Ukraine Support Loan, which is planned for 2026–2027.
Canada’s proposed participation in the loan arrangement would enable Ukraine to procure military equipment from Canadian defense firms, utilizing European financing. This potential collaboration aims to enhance Kyiv’s access to military resources while fostering closer ties between Canadian and European defense industries.
Simultaneously, the European Commission has moved forward with plans to disburse an additional €45 billion from the Ukraine Support Loan by 2027. Of this, €31.7 billion is earmarked for reinforcing Ukraine’s defense capabilities, while up to €13.3 billion is designated to support the country’s state budget through existing mechanisms like the Ukraine Facility and macro-financial assistance. This funding, pending approval from the Council of the European Union, is intended to sustain essential public services in Ukraine and support its defense efforts.
During the summit, EU leaders underscored the immediate need for military supplies, including drone interceptors, ammunition, missiles, and air defense radars. The European Commission reaffirmed its dedication to boosting European defense production to ensure Ukraine receives timely military support.
The summit concluded with a joint declaration from European and Canadian leaders, reaffirming their unwavering support for Ukraine’s sovereignty and territorial integrity. They emphasized the importance of holding Russia accountable for crimes committed during the invasion and called for the safe return of Ukrainian prisoners of war, detained civilians, and children unlawfully deported by Russia.
Beyond immediate military aid, the EU and Canada reiterated their commitment to Ukraine’s long-term reconstruction and integration with European and transatlantic structures. This includes supporting institutional reforms and contributing to a comprehensive and lasting peace based on international law and the United Nations Charter.