On December 27, 2025, Canadian Prime Minister Mark Carney announced a new C$2.5 billion package of economic support for Ukraine during a visit by Ukrainian President Volodymyr Zelenskyy to Halifax, Nova Scotia. The announcement, released by the Prime Minister’s Office, reaffirmed Canada’s long term commitment to helping Ukraine maintain economic stability as Russia’s full scale invasion enters its fourth year.
According to the government, the new commitment brings Canada’s total assistance to Ukraine since February 2022 to nearly C$22 billion, including more than C$12 billion in direct financial support. Canadian officials have emphasized that sustained economic assistance is essential to ensuring the Ukrainian state can continue to function while defending itself against ongoing military aggression.
Unlike earlier emergency transfers, the C$2.5 billion package is structured through a combination of financial instruments rather than direct budgetary grants. Canada will provide financing that enables the International Monetary Fund to extend an additional C$8.4 billion in lending to Ukraine under its existing extended financing program. The package also includes Canada’s participation in an expanded suspension of Ukraine’s debt servicing obligations, worth up to C$1.5 billion during the 2025–26 fiscal period, allowing Kyiv to redirect scarce resources toward domestic needs.
In addition, Canada plans to issue loan guarantees beginning in 2026 to support Ukraine’s reconstruction and energy security. These include up to C$1.3 billion in guarantees to the World Bank’s lending arm for reconstruction financing and up to C$322 million to the European Bank for Reconstruction and Development to help Ukraine secure critical natural gas imports. The government said these measures are designed to reinforce investor confidence while ensuring accountability through established international financial institutions.
During meetings in Halifax, Carney and Zelenskyy discussed the mounting fiscal pressures facing Ukraine as a result of widespread infrastructure destruction, reduced tax revenue, and continued defense expenditures. Zelenskyy expressed appreciation for Canada’s sustained support, noting that predictable, multi year economic assistance allows Ukraine to prioritize battlefield defense while keeping essential public services operating for millions of citizens.
Canada’s support for Ukraine also extends beyond financial aid. The Canadian Armed Forces continue to play a role in training Ukrainian personnel under Operation UNIFIER, which the government has extended through March 2026. Ottawa has also provided military equipment, including ammunition, winter gear, and demining technology, as well as humanitarian assistance and support for displaced Ukrainians.
On the immigration front, federal figures show that more than 298,000 Ukrainians arrived in Canada under the Canada Ukraine Authorization for Emergency Travel program between March 2022 and April 2024, making Canada one of the largest host countries for Ukrainians displaced by the war.
The latest announcement underscores Canada’s effort to position itself as a consistent and reliable partner in Ukraine’s long term resilience. As allied governments continue to debate the scale and duration of future support, Canadian officials have framed economic stability as inseparable from security, arguing that Ukraine’s ability to govern, pay salaries, and maintain energy systems is central to its capacity to resist aggression and eventually rebuild.
Canada = Green
Ukraine = Blue
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