Canada discusses participation in EU loan for Ukraine — FT
Canada is discussing the possibility of joining the European Union’s €90 billion loan to support Ukraine. YLE News reports this, citing informed sources at the Financial Times.
Agreement before the Montreal summit
Canada and the EU aim to reach an agreement on Canada’s financial contribution before the EU-Canada summit scheduled for late October in Montreal.
The European Union announced the lending program in January 2026. Most of the funds are intended for Ukraine’s defense. Ukraine received the first loan tranche in June.
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Possible associate membership
As The Wall Street Journal writes, Canada is also considering the possibility of applying for associate membership in the European Union. The publication cites conversations with EU and Canadian officials.
Canadian Prime Minister Mark Carney is seeking closer relations with the EU. According to YLE News, the escalating trade war between Canada and the United States has strengthened Ottawa’s strategic need to deepen ties with other key trading partners. The Canadian Embassy in Brussels and the European Commission did not respond to WSJ requests for comment.
