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Canada to contribute to EU's €90 billion loan to Ukraine

Milan, October 30 (askanews) – Canada has announced its intention to contribute €500 million, as a “seed contribution,” to the €90 billion loan granted by the European Union to Ukraine, at the end of a two-day summit in Montreal, during which several trade agreements as well as agreements on artificial intelligence were signed. “This is a very important and effective mechanism,” explained Prime Minister Mark Carney. “I truly appreciate the innovation of President von der Leyen, the Commission, and President Costa in creating this instrument, which uses frozen assets to provide urgently needed financing to Ukraine.

Naturally, this translates into concrete support for the defense and reconstruction of Ukraine.”

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