At the recent EU-Canada summit in Montreal, the European Union and Canada committed to intensifying pressure on Russia while continuing their military, financial, and diplomatic support for Ukraine. The meeting, held on October 30, saw Canadian Prime Minister Mark Carney, European Commission President Ursula von der Leyen, and European Council President António Costa reaffirm their alliance in supporting Ukraine amid the ongoing conflict.
A significant announcement from the summit was Canada’s intention to join the EU’s €90 billion Ukraine Support Loan for 2026–2027. This arrangement would facilitate Ukraine’s purchase of military equipment from Canadian defense companies using European financing, thereby potentially expanding Ukraine’s access to military resources and enhancing cooperation between European and Canadian defense industries.
The European Commission also moved forward with plans to release an additional €45 billion for Ukraine in 2027, with €31.7 billion earmarked for bolstering Ukraine’s defense industry and up to €13.3 billion allocated for supporting the country’s state budget. This funding is contingent on approval from the Council of the European Union and is expected to be available by the end of 2027 to help Ukraine sustain essential services and its defense efforts.
During the summit, EU leaders emphasized the urgent need for military supplies, including drone interceptors, ammunition, missiles, and air defense radars. The Commission reiterated its commitment to increasing European defense production to ensure timely deliveries to Ukraine. Canada’s proposed participation in the EU-funded procurement framework could provide an alternative source of military equipment, although the specifics of Canada’s contribution have yet to be finalized.
In a joint declaration, European and Canadian leaders expressed their unwavering support for Ukraine’s sovereignty and territorial integrity, highlighting the need for accountability for crimes committed during Russia’s invasion. They advocated for a comprehensive, just, and lasting peace based on international law and the United Nations Charter, and called for the safe return of Ukrainian prisoners of war and unlawfully deported civilians and children.
The declaration also underscored the efforts of the International Coalition for the Return of Ukrainian Children, an initiative where Canada plays a significant diplomatic role. Beyond immediate military assistance, the EU and Canada reaffirmed their commitment to Ukraine’s long-term reconstruction, institutional reforms, and closer integration with European and transatlantic structures.