Canada’s Pledged $5 Billion Military Aid to Ukraine to Be Funded by Frozen Russian Assets: Feds

Canadian Prime Minister Justin Trudeau (L) and Ukrainian President Volodymyr Zelenskyy speak following a bilateral meeting in Kyiv, Ukraine, on Feb. 24, 2025. The Canadian Press/Frank Gunn

Canada’s pledged $5 billion in military aid to Ukraine will be funded using proceeds from frozen Russian assets, the federal government says.

The announcement was made on Feb. 24 as Prime Minister Justin Trudeau is taking part in the summit of world leaders in Kyiv to mark the third anniversary of Russia’s invasion of Ukraine.