Canada in talks to join EU's 90 billion euro loan for Ukraine

September 14, 2026 at 08:13 AM2 min

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Canada is in talks to join the European Union's 90 billion euro loan program for Ukraine, with Ottawa and Brussels aiming to agree on the size of the Canadian contribution before the EU-Canada summit in Montreal in late October. Prime Minister Mark Carney sees the move as a way to demonstrate commitment to strengthening transatlantic ties and reducing dependence on the United States. The United Kingdom remains the only non-EU country to have joined the loan so far.

Key Facts

The EU loan program for Ukraine totals 90 billion euros.
Canada and the EU aim to agree on the size of Canada's contribution before the EU-Canada summit in Montreal in late October.
Canada has already provided 6.5 billion Canadian dollars (about 4.7 billion US dollars) in military aid to Ukraine.
On September 10, Prime Minister Mark Carney and Ukrainian President Volodymyr Zelensky signed a declaration on a 100-year partnership.
The United Kingdom is the only non-EU country that has joined the loan program so far.

Loan Negotiations

Canada is discussing joining the European Union's 90 billion euro loan program for Ukraine. Ottawa and Brussels are in talks, with both sides aiming to determine the size of Canada's contribution before the EU-Canada summit in Montreal in late October. The United Kingdom is currently the only non-EU country participating in the loan program. If Canada joins, the number of non-EU participants would rise to two.

Strategic Motivation

Prime Minister Mark Carney aims to use Canada's participation to demonstrate commitment to strengthening transatlantic ties. Carney seeks to reduce Canada's dependence on the United States in foreign economic and political relations. According to the Financial Times, Carney advocates forming an alliance of liberal states committed to a multilateral international order. Canada has already provided 6.5 billion Canadian dollars (about 4.7 billion US dollars) in military aid to Ukraine. On September 10, Carney and Ukrainian President Volodymyr Zelensky signed a declaration on a 100-year partnership, including cooperation in defense innovations.

Broader EU Cooperation

Canada hopes to conclude additional agreements with the European Union amid the trade war with the United States. Ottawa seeks to join the EU's supercomputer network for joint work on artificial intelligence. Canada also aims to sign a digital trade agreement with Brussels.