Canadian Prime Minister Mark Carney announced a new $2.5 billion economic aid package for Ukraine, reinforcing Canada’s long-term commitment to supporting Kyiv amid the ongoing war with Russia. The announcement was made on December 27, 2025, alongside Ukrainian President Volodymyr Zelenskyy, and is aimed at strengthening Ukraine’s economic stability and reconstruction efforts.

According to Canadian officials, the funding is intended to help unlock additional international financing from major institutions including the International Monetary Fund, the World Bank, and the European Bank for Reconstruction and Development. The coordinated approach is designed to stabilize Ukraine’s economy while accelerating post-war recovery and infrastructure rebuilding.

Prime Minister Carney, who assumed office in March 2025 following the resignation of Justin Trudeau, emphasized the importance of sustained economic backing as a pillar of Western support for Ukraine. Since Russia’s invasion in 2022, Canada’s total assistance to Ukraine has now exceeded $15 billion, spanning financial aid, humanitarian support, and limited military assistance.

The latest package reflects a strategic focus on economic resilience rather than direct battlefield support, signaling Ottawa’s view that long-term stability will be critical to Ukraine’s survival and recovery. Canadian officials argue that economic aid plays a decisive role in maintaining public services, currency stability, and investor confidence during wartime.

The announcement underscores Canada’s continued alignment with Western allies in supporting Ukraine and maintaining pressure on Moscow, as international partners seek to balance military assistance with large-scale economic reconstruction planning.