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Canada to provide $2.5 billion in economic aid for Ukraine, prime minister says

Canada's $2.5 billion aid aims to unlock IMF, World Bank, and EBRD financing to support Ukraine's reconstruction amid intensified peace negotiations and ongoing Russian attacks.

  • On Dec. 27, 2025, Prime Minister Mark Carney announced $2.5 billion in economic assistance for Ukraine as he and Ukrainian President Volodymyr Zelenskyy spoke at a Halifax-area airport.
  • Carney said the aid arrives at a crucial juncture as peace talks are at their highest level in months, while Zelenskyy’s stop in Canada follows a Friday call with Carney and precedes meetings with President Donald Trump on Sunday.
  • Canada has previously committed $6.5 billion in support since February 2022, and Carney condemned Russia's recent attacks as `barbarism`, emphasizing the aid will unlock IMF, World Bank, and EBRD financing.
  • Following the announcement, Volodymyr Zelenskyy thanked Canada for its support, and the meeting included a call with European leaders ahead of talks to finalize President Donald Trump's 20-point peace plan.
  • With sticking points on security guarantees, the plan still faces roadblocks as Volodymyr Zelenskyy said the U.S.-backed peace plan is about 90 per cent ready, but warned Russia may try to manipulate any referendum.
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Mark Carney announced an additional $2.5 billion from Canada to Ukraine after a meeting with Volodymyr Zelensky.

·Montreal, Canada
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Global News broke the news in Toronto, Canada on Saturday, December 27, 2025.
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