Canada to Send $5 Billion in Aid to Ukraine Using Seized Russian Assets
Canada is set to send $5 billion in financial aid to Ukraine, utilizing funds seized from Russian assets as part of its ongoing support for the war-torn nation. In addition to the financial assistance, Canada has pledged 25 more light armored vehicles to help bolster Ukraine’s defense efforts. The country will also provide a grant aimed at strengthening Ukraine’s energy security, a crucial area of concern as the conflict continues to disrupt vital infrastructure.
Prime Minister Justin Trudeau made the announcement during a visit to Kyiv, where he joined European leaders to mark the third anniversary of the war in Ukraine. In his remarks, Trudeau emphasized Canada’s unwavering commitment to Ukraine’s sovereignty and independence, stating that the country would continue to support its ally both financially and militarily in the ongoing battle against Russian aggression.
The decision to send $5 billion in aid comes from funds that were previously frozen after the Canadian government seized assets belonging to Russian oligarchs and entities linked to the Kremlin. This move is part of a broader international effort to hold Russia accountable for its invasion of Ukraine, with many Western nations looking for ways to redirect assets seized from Russian individuals and companies toward supporting Ukraine’s recovery.
During his visit, Trudeau did not rule out the possibility of sending Canadian troops to Ukraine as part of a broader peacekeeping or ceasefire agreement. While no concrete plans were made, the potential deployment of Canadian forces could signal a deeper level of involvement in the conflict, as the international community continues to search for a path to peace.
The assistance package is a continuation of Canada’s strong support for Ukraine, which has included previous military aid, humanitarian efforts, and sanctions against Russia. With the war showing no signs of abating, Canada’s role in the conflict remains pivotal, as it seeks to help Ukraine defend itself and rebuild in the face of Russian aggression.
