The key facts

  • The EU–Canada summit will take place in Montreal on October 29–30; the issue of the loan to Kyiv is on the agenda
  • The clause on Canada's accession to the €90 billion program has not been agreed in the draft statement
  • Zelensky has requested an additional €70 billion for 2027 on top of the planned payments

The Montreal summit and an unagreed clause

The European Union intends to secure Canada's participation in a €90 billion credit program for Ukraine. The issue is to be discussed at the summit in Montreal on October 29–30, but Ottawa has not yet given its final consent. This is reported by the Rapporteur portal citing a draft joint statement; it is also noted by Life.ru.

What the draft statement says

The document dated October 23 contains wording stating that summit participants welcome Canada's accession to the credit program for Kyiv. However, the clause is placed in square brackets — under diplomatic practice, this means the parties have no agreed position. The size of a possible Canadian contribution is not specified in the draft.

Participants and funding context

The meeting will be hosted by Canadian Prime Minister Mark Carney; the European Union will be represented by European Commission President Ursula von der Leyen and European Council President António Costa. We are talking about an EU credit program worth €90 billion, designed for 2026–2027. On top of these payments, Kyiv has requested another €70 billion for 2027 — according to Life.ru, Volodymyr Zelensky announced this.

Previous attempts and Brussels' plans

At the previous EU summit, leaders failed to agree on new sources of funding for Ukraine, after which von der Leyen called on international partners to increase their contributions to supporting Kyiv. Earlier, Life.ru, citing Politico, reported that the European Commission intends to find an additional €70 billion by the end of the year and expects to involve not only Canada but also the United Kingdom, Japan and the United States in the funding; the final decision, however, may be postponed until 2027.

Three EU countries demanded to be exempted from the costs of a new loan to Kyiv