42 publishers · first seen Tue, 27 Oct 2026 12:06 UTC · updated Mon, 02 Nov 2026 22:55 UTC
Canadian Prime Minister Mark Carney announced on October 30 that Canada will contribute €500 million to the European Union’s €90 billion loan facility for Ukraine, leveraging frozen Russian assets to support Kyiv’s military and reconstruction efforts. The commitment was made during the 21st EU-Canada summit in Montreal, where Carney, European Commission President Ursula von der Leyen, and European Council President António Costa reaffirmed their support for Ukraine’s sovereignty and territorial integrity. The summit also launched the 'Alliance for the Future,' aimed at deepening cooperation on AI, critical minerals, defence, and supply chain resilience.
Carney and von der Leyen promoted the concept of Canada becoming the EU’s first 'associate member,' a status short of full membership due to geography, though the term was excluded from the final joint statement amid reservations from some EU members, including Germany. The two sides agreed to define the concept further by the 2027 EU-Canada summit. Canada also committed to joining Europe’s supercomputing network and advancing industrial collaboration, while Carney emphasized the need to diversify partnerships amid tensions with the United States.
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