Canada Seeks to Join EU’s €90 Billion Loan to Ukraine

Canada is negotiating with the European Union to participate in a €90 billion loan to Ukraine.

The Financial Times reported this.

The Canadian government sees participation in the loan as a way to strengthen ties with Europe and reduce its reliance on the United States.

Ottawa wants to determine the size of its contribution by the end of October, when an EU summit is scheduled to take place in Montreal.

If the parties reach an agreement, Canada would become the second non-EU country after the United Kingdom to join the mechanism.

As of today, Canada actively supports Ukraine in its fight against Russian aggression. This assistance includes funding various programs, providing loans, procuring weapons, and directly supplying weapons produced by Canadian companies.

In July, General Dynamics Land Systems–Canada (GDLS-Canada) received a contract from the Canadian government to produce 225 LAV 6.0 armored combat support vehicles (ACSV), 35 of which are intended for Ukraine.

The Ukrainian Defense Forces have been using these armored personnel carriers since the beginning of Russia’s full-scale invasion.

Canada pledged the first batch of ACSVs to Ukraine in the summer of 2022. It consisted of 39 vehicles originally manufactured for the Canadian Army under a contract for 360 units.

All 39 ACSV vehicles were subsequently delivered to Ukraine, while Ottawa ordered an equivalent number of new vehicles from the manufacturer to replace the equipment provided.

In addition to armored personnel carriers, Canada procures armored vehicles from Canadian company Roshel for Ukraine. From late May 2025 to late May 2026, the Ukrainian Defense Forces received around 700 Senator armored vehicles.

Canada is also funding and training Ukrainian pilots to fly F-16s and will train pilots to fly Gripen fighter jets.

In September 2026, it was reported that Ukrainian military pilots were undergoing training at the International Test Pilots School in Canada to later fly modern fighter jets, including the F-16 and Gripen.

Currently, 21 Ukrainian service members are training on L-39 jets before moving on to training on Western combat aircraft.

In September, Canadian Prime Minister Mark Carney announced C$350 million (US$253 million) in funding to procure missiles for Patriot SAM systems and air-to-air missiles for F-16 fighter jets to be delivered to Ukraine.