Canada will provide an additional $2.5 billion in economic aid to Ukraine, Prime Minister Mark Carney said on Saturday, as he met President Volodymyr Zelenskyy during a stopover in Halifax.
Carney said the funding would help Ukraine unlock further financing from international institutions, including the International Monetary Fund, the World Bank and the European Bank for Reconstruction and Development.
“We are announcing today further economic assistance for Ukraine, two and a half billion dollars’ worth of economic assistance that helps unlock financing from the IMF, from the World Bank, from the European Bank for Reconstruction and Development, to begin this process of rebuilding,” Carney told reporters.
Zelenskyy thanked Canada for its continued support, describing the aid as critical as Ukraine faces renewed Russian attacks.
“Russia launched more than 500 drones and dozens of missiles,” he said, referring to overnight strikes on Ukrainian cities. “This is Russia’s answer to peace efforts.”
The meeting took place as Zelenskyy travelled to Florida for talks with U.S. President Donald Trump, which he said would focus on security guarantees, air defence and territorial issues as part of efforts to end the war triggered by Russia’s invasion in February 2022.
Carney said recent Russian attacks underlined the need to stand firmly with Kyiv.
“The barbarism that we saw overnight, the attack on Kyiv, shows just how important it is that we stand with Ukraine during this difficult time and that we create the conditions for a just and lasting peace,” he said.
Canada has been one of Ukraine’s strongest Western supporters, providing military, economic and humanitarian assistance since the start of the war.
Carney reaffirmed that Canada would continue its military support alongside the newly announced economic package.
Zelenskyy said discussions with allies would continue in the coming days, including with members of the so-called coalition of the willing, as diplomatic efforts intensify to bring the conflict to an end.
The World Urban Forum (WUF13) continues in Baku, Azerbaijan on 18 May, addressing the global housing crisis. The day’s agenda includes the of...
U.S. President Donald Trump said on Monday he had paused a planned attack on Iran after appeals from the leaders of Qatar, Saudi Arabia and the Uni...
At least four people have been killed in protests across Kenya over sharp fuel price rises, as a nationwide transport strike brought parts of the c...
Pakistan has deployed around 8,000 troops, fighter jets and air defence systems to Saudi Arabia under a mutual defence agreement, according to secu...
Global leaders gathered in Baku this week for the 13th session of the World Urban Forum, where heads of state and senior officials warned that rapi...
Pakistan has deployed around 8,000 troops, fighter jets and air defence systems to Saudi Arabia under a mutual defence agreement, according to security officials and government sources familiar with the arrangement.
Global leaders gathered in Baku this week for the 13th session of the World Urban Forum, where heads of state and senior officials warned that rapid urban growth is placing increasing pressure on housing, infrastructure and climate resilience.
The thirteenth session of the World Urban Forum (WUF13) has opened in Baku, bringing together governments, international organisations, city leaders and civil society to address mounting global urban challenges.
Kazakhstan, Uzbekistan and Tajikistan are negotiating summer water allocations as rising temperatures, agricultural demand and pressure on shared rivers intensify water security concerns across Central Asia.
Bulgaria has won the Eurovision Song Contest for the first time, taking victory in a final overshadowed by a boycott over Israel’s participation and the war in Gaza.
The World Urban Forum (WUF13) continues in Baku, Azerbaijan on 18 May, addressing the global housing crisis. The day’s agenda includes the official opening press conference, the WUF13 Urban Expo opening and a ministerial dialogue on the Nairobi Declaration to advance Africa's urban agenda.
U.S. President Donald Trump said on Monday he had paused a planned attack on Iran after appeals from the leaders of Qatar, Saudi Arabia and the United Arab Emirates, allowing negotiations to continue over a possible deal to end the conflict.
U.S. President Donald Trump says China's Xi Jinping agreed Iran must reopen the Strait of Hormuz, as Tehran prepares a new shipping mechanism. Tensions over the U.S. blockade and stalled nuclear talks continue to disrupt global oil supplies.
A 5.2 magnitude earthquake struck China’s Guangxi region early on Monday, killing two people and forcing more than 7,000 residents in Liuzhou to evacuate as rescue efforts continued.
At least four people have been killed in protests across Kenya over sharp fuel price rises, as a nationwide transport strike brought parts of the country to a standstill.
Gunmen killed at least 10 people, including women and children, in an attack on a rural community in Nigeria’s northwestern Katsina State, residents said.
Russian President Vladimir Putin’s upcoming visit to China is expected to focus on strengthening bilateral ties, particularly through expanded trade and economic cooperation.
Israeli military strikes across Gaza killed at least eight Palestinians on Sunday, according to local health officials, as the Israel Defense Forces intensified operations targeting Hamas commanders and infrastructure across the enclave.
The World Urban Forum (WUF13) continues in Baku, Azerbaijan on 18 May, addressing the global housing crisis. The day’s agenda includes the official opening press conference, the WUF13 Urban Expo opening and a ministerial dialogue on the Nairobi Declaration to advance Africa's urban agenda.
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