Canada pledges 500 million euros toward Ukraine support loan amid 2027 budget shortfall

Canada has committed 500 million euros to support Ukraine amid a significant budget shortfall expected in 2027. Prime Minister Mark Carney announced this contribution during the EU-Canada Summit, aiming to help bridge a projected 70 billion euro deficit. This funding will also enable Ukraine to acquire military equipment from Canadian firms using EU resources. Canada's involvement follows similar pledges from other nations, including Norway and the U.K., as discussions continue among EU countries for additional financial aid.