Canada commits $270M to Ukraine as Carney addresses European summit in Armenia

In opening remarks before meeting with Ukrainian President Volodymyr Zelenskyy, Carney said “all of Canada” is behind Ukraine. He said the latest contribution will help strengthen Ukraine’s fight and ensure peace and prosperity for its people when it comes.

“And it will come,” he said.

Zelenskyy expressed gratitude for the moral and financial backing.

“We are thankful to Canadian friends, to all the people for such strong support,” he said.

Canada is the first non-European country to attend the summit, which has taken place twice a year since it began after Russia’s full-scale invasion of Ukraine in 2022.

Ahead of the announcement, Carney addressed the summit of European leaders, saying countries must take on the world as it is and not through the lens of nostalgia.

Carney told the gathering that Canada is at the summit because of the “immense potential” for partnerships with Europe.

“The world is undergoing a rupture across several dimensions. In technology, in energy, in commerce and geopolitics,” Carney said.

“We have to actively take on the world as it is, not as we wish it to be. We know nostalgia is not a strategy, but we don’t think that we’re destined to submit to a more transactional, insular and brutal world.

“And gatherings such as these point to a better way forward.”

Carney said it is his “strong personal view” that the international order will be rebuilt, and that it will be rebuilt out of Europe.

Earlier Monday, Carney met with European Commission president Ursula von der Leyen and Antonio Costa, president of the European Council. A readout from the Prime Minister’s Office says the leaders discussed deepening collaboration in areas such as supply chains, critical minerals, energy and technologies.

After the meeting, Costa said Canada’s invitation to the summit was partly due to Carney’s speech in Davos, which he described as “great inspiration.”

“Because, as Mark Carney said in this very important speech in Davos, the like-minded countries around the world need to keep together, to strengthen their relationships, because this is essential to stabilize these very challenging moments in the world,” he said.

Costa said Canada shares a vision of the world based on multilateralism and rule of law. While Europe and Canada will continue to deepen trade and defence ties, he said there is a “geographic problem” with Canada joining the EU.

Carney met Sunday with Armenian Prime Minister Nikol Pashinyan, and thanked him for the invitation to attend the summit at a “crucial time” for Europe and European values.

He also has meetings with Italian Prime Minister Giorgia Meloni and Spanish Prime Minister Pedro Sánchez on Monday.

This report by The Canadian Press was first published May 4, 2026.

Alessia Passafiume, The Canadian Press

by The Canadian Press

Canada commits $270M to Ukraine as Carney addresses European summit in Armenia

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