Canada Announces Additional $2.5 Billion in Economic Aid for Ukraine

This handout photograph taken on December 27, 2025 and released by the Ukrainian Presidential Office shows Ukraine's President Volodymyr Zelensky (R) and Canadian Prime Minister Mark Carney speaking to the press as they meet in Halifax, Nova Scotia, Canada. Establishing a lasting peace in Ukraine requires "a willing Russia," Carney said Saturday, denouncing the "barbarism" of Moscow's latest bombardment of Kyiv as he met with Zelensky. (Photo by HANDOUT / UKRAINIAN PRESIDENTIAL OFFICE / AFP)
This handout photograph taken on December 27, 2025 and released by the Ukrainian Presidential Office shows Ukraine's President Volodymyr Zelensky (R) and Canadian Prime Minister Mark Carney speaking to the press as they meet in Halifax, Nova Scotia, Canada. Establishing a lasting peace in Ukraine requires "a willing Russia," Carney said Saturday, denouncing the "barbarism" of Moscow's latest bombardment of Kyiv as he met with Zelensky. (Photo by HANDOUT / UKRAINIAN PRESIDENTIAL OFFICE / AFP)

Canadian Prime Minister Mark Carney on Saturday announced an additional 2.5 billion Canadian dollars in economic assistance for Ukraine, as Kyiv continues to seek international support amid its war with Russia.

Carney said the new funding is intended to help Ukraine unlock further financing from the International Monetary Fund (IMF) and stabilize its economy during wartime.

The announcement was made during a joint appearance with Ukrainian President Volodymyr Zelensky, who briefly addressed reporters alongside the Canadian leader.

“This support will assist Ukraine in meeting key financial requirements and maintaining essential public services,” Carney said, adding that Canada remains committed to backing Ukraine’s economic resilience.

The funding comes as Ukraine works to secure continued IMF assistance under existing lending programs, which are tied to fiscal stability measures and international financial guarantees.
Canada has been among Ukraine’s most consistent supporters since Russia attacked in 2022, providing military aid, humanitarian assistance, and financial support, as well as backing international sanctions against Moscow.

Zelensky thanked Canada for its continued assistance, noting that economic support is critical as Ukraine faces ongoing military pressure and damage to infrastructure.

The latest pledge follows previous Canadian commitments announced earlier this year and underscores Ottawa’s alignment with Western allies in sustaining financial and diplomatic backing for Kyiv.