Canada seeks to join €90bn support loan for Ukraine, Brussels confirms
Technical talks are ongoing as Ottawa weighs a share of the loan’s interest payments and access for Ukraine to buy Canadian weapons and ammunition.
- On Friday, the European Commission confirmed Canada is negotiating to join the European Union's €90 billion Ukraine Support Loan, with technical talks currently ongoing to expand financial assistance for Kyiv.
- The loan covers two-thirds of Ukraine's financial needs for 2026 and 2027; Canada's participation allows Kyiv to bypass 'Made in Europe' requirements and procure equipment from Canadian defence companies.
- Canada is still expected to announce separate direct financial support for Kyiv, following the United Kingdom's entry into the program in July and Norway's recent $9 billion pledge for 2027.
- European Commission President Ursula von der Leyen invited Canada to become the bloc's first 'associate member' during her State of the Union speech on Sept. 16, reflecting deepening ties between Ottawa and Brussels.
- President Volodymyr Zelensky identified a $27 billion shortfall in the 2026 budget, while the €90 billion fund generates about 3 billion in annual interest, paid proportionally by 24 member states.
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Canada has an agreement with Europe within the framework of SAFE, which opened in June the possibility of purchasing military equipment from the Canadian defence and product industry.
Canada has expressed interest in joining the EU's €90 billion loan for Ukraine. European Commission and Ottawa hold technical consultation on participation 18 September 2026
Canada seeks to join €90bn support loan for Ukraine, Brussels confirms
Canada's inclusion will allow Ukraine to buy weapons from Canadian defence companies and bypass the "Made in Europe" requirements. In turn, Ottawa will have to pay a proportional share of the annual interest.
Press secretary Balash Wywari of the European Commission confirmed that Canada had expressed interest in participating in the 90 billion euro credit support programme for Ukraine. "Technical consultations with Canada have been ongoing for some time," he said at the briefing, responding to a question on the status of these plans. "If you look at the rules of this credit support programme, it can be seen that it allows third countries to participa…
Canada in talks to join EU's Ukraine loan, but it still needs to donate to Kyiv, Brussels says
Even if Canada helps the EU with its loan to Ukraine, it still needs to follow Norway's lead and provide direct financial support to Ukraine, said European Commission spokesperson Balazs Ujvari.
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