The European Union and Canada have committed to applying increased pressure on Russia while continuing their support for Ukraine, both militarily and financially. This commitment was solidified during the 21st EU–Canada summit in Montreal on October 30, which saw Canadian Prime Minister Mark Carney meet with European Commission President Ursula von der Leyen and European Council President António Costa.
Significantly, Canada announced its intention to join the EU’s €90 billion Ukraine Support Loan for 2026–2027. This participation could enable Ukraine to purchase military equipment from Canadian defense companies with European financing, potentially enhancing Ukraine’s military capabilities and fostering collaboration between Canadian and European defense sectors.
The European Commission also advanced plans to release the remaining €45 billion of this support loan by December 31, 2027. The funds are earmarked for strengthening Ukraine’s defense industry and supporting its state budget. Specifically, €31.7 billion is allocated for defense, while up to €13.3 billion will support public services and macro-financial assistance through the Ukraine Facility.
EU leaders stressed the urgent need for military supplies like drone interceptors, ammunition, missiles, and air defense radars. The Commission underscored its commitment to boosting European defense production to ensure timely deliveries to Ukraine. Although Canada has not finalized its participation agreement or specified its financial contribution, its involvement could provide an additional source of military equipment through the EU-funded procurement framework.
In a joint declaration, EU and Canadian leaders reaffirmed their unwavering support for Ukraine’s independence, sovereignty, and territorial integrity. They vowed to increase pressure on Russia and pursue accountability for crimes committed during the invasion. The leaders also advocated for a comprehensive peace in line with international law and the United Nations Charter, emphasizing the safe return of Ukrainian prisoners of war and unlawfully deported individuals.
Beyond immediate military assistance, the EU and Canada reiterated their commitment to Ukraine’s long-term reconstruction, institutional reforms, and closer integration with European and transatlantic structures. This broad support underscores the international community’s continued efforts to aid Ukraine amid ongoing conflict with Russia.