Carney brings Canada’s Ukraine funding to $25B with new $270M military commitment

Prime Minister Mark Carney announced this week that Canada will provide an additional $270 million to help Ukraine procure military capabilities identified on a NATO priority list, adding to Ottawa’s financial commitment to Kyiv since 2022.

The announcement came during the European Political Community summit in Armenia, where Carney met with Ukrainian President Volodymyr Zelenskyy and other European leaders. The funding will be used to purchase munitions from the United States.

The latest contribution brings Canada’s total monetary support for Ukraine to $25.8 billion.

“It’s part of a bigger puzzle in a conflict where Ukraine is gaining some advantage,” Carney told reporters.

Before meeting Zelenskyy, Carney said “all of Canada” stands behind Ukraine and said the latest contribution would help strengthen Ukraine’s fight against Russia.

Zelenskyy thanked Canada for its support.

“We are thankful to Canadian friends, to all the people for such strong support,” he said.

(Canada’s debt clock on May 8, 2026 at 10:41 a.m. PDT)

Carney also used the summit to emphasize Canada’s growing focus on Europe amid broader geopolitical and economic changes.

“The world is undergoing a rupture across several dimensions. In technology, in energy, in commerce and geopolitics,” Carney said during remarks to summit delegates.

“As the rules-based order ... is rebuilt, it will be rebuilt in Europe,” he added.

Canada was the first non-European country invited to attend the summit, which was established following Russia’s invasion of Ukraine in 2022 and focuses on political, security, and infrastructure co-operation.

European Council President Antonio Costa said Canada was invited because it is “one of the closest countries in the world to Europe” and described Canada and European countries as “like-minded” partners.

The announcement comes as Canada continues providing military and financial support to Ukraine while also seeking deeper economic and security ties with European partners.