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Canada Unveils $1.5 Billion Military Package for Ukraine and Strengthens Sanctions on Russia

Prime Minister Mark Carney announced the measures at the G7 summit alongside President Zelensky, with Ottawa also committing a $2 billion loan underwritten by frozen Russian assets

Prime Minister Mark Carney walks with Ukrainian President Volodymyr Zelenskyy to a morning session at the G7 Summit in Kananaskis, Alta., Tuesday, June 17, 2025. THE CANADIAN PRESS/Adrian Wyld
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Overview

  • Canada will provide an additional US$1.5 billion in military aid to Ukraine, including drones, helicopters and ammunition.
  • Ottawa is expanding sanctions to target several Russian individuals, more than 40 entities and over 200 vessels in the so-called shadow fleet.
  • The government will extend a US$2 billion loan to Kyiv, with interest payments covered by proceeds from frozen Russian assets.
  • Prime Minister Carney met Ukrainian President Zelensky at the G7 summit to reaffirm unwavering Canadian support until a just peace is achieved.
  • Zelensky briefed Carney on Russia’s recent strikes involving 440 Iranian Shahed drones and 32 missiles and discussed bolstering Ukraine’s air defenses and defense industry cooperation.