Today marks four years since Russia launched its full-scale invasion of Ukraine. On this day, the Government of Canada reaffirms its steadfast support for Ukraine's sovereignty, independence, and territorial integrity.
Since February 24, 2022, Canada has stood in unwavering solidarity with Ukraine and its people in the face of Russia's illegal and unjustifiable aggression. Canada's contributions have included extensive economic, humanitarian, development and military assistance, alongside coordinated measures with Allies to help Ukraine and impose consequences on Russia for its actions.
To further support Ukraine at this important juncture, the Honourable David J. McGuinty, Minister of National Defence, announced the renewal of Operation UNIFIER for an additional three years to 2029. Through this operation, the Canadian Armed Forces' (CAF) provide ongoing military training, and capacity building in support of the Armed Forces of Ukraine. Under the renewed mandate, the number of CAF personnel dedicated to the operation will increase, providing greater flexibility and enabling Canada to further adapt and respond to Ukraine's evolving operational needs. The extension of Operation UNIFIER allows CAF members to continue training Ukrainian recruits and leaders, strengthening Ukraine's ability to defend itself now and in the years ahead.
As partners, we must continue taking necessary steps to strengthen Ukraine's negotiating position. This requires agile, focused military assistance that responds directly to operational requirements on the battlefield. As such, Minister McGuinty also announced:
- $2 billion in military assistance for fiscal year 2026-27 that builds on Canada's sustained provision of critical military support and will help ensure the Armed Forces of Ukraine have the equipment and capabilities needed to defend their territory.
- Donation of over 400 armoured vehicles, including 66 Light Armoured Vehicles 6s (General Dynamics) and 383 Senator Armoured Vehicles (Roshel).
The Honourable Anita Anand, Minister of Foreign Affairs, also announced an additional $20 million to the Ukraine Energy Support Fund. This contribution will allow ongoing procurement and delivery of energy equipment to Ukrainian energy companies through a demand-driven, competitive bidding process to repair and rebuild critical energy infrastructure damaged by Russia's strikes.
Furthermore, Canada will be imposing sanctions on 21 individuals and 53 entities, as well as 100 vessels from Russia's shadow fleet, under the Special Economic Measures (Russia) Regulations. Canada is also lowering its price cap for Russian crude oil from US$47.60 to US$44.10 per barrel.
Canada's new measures further increase the economic costs on Russia for its invasion of Ukraine by restricting its energy revenues and financial enablers, including cryptocurrency infrastructure, while degrading Russia's conventional and hybrid military capabilities, including its artificial intelligence ecosystem and drone production.
The bravery and resilience of the Ukrainian people over the past four years have inspired the world and galvanized our resolve. As the war enters its fifth year, Canada's commitment to Ukraine remains absolute. Together with our Allies and partners, Canada will continue to provide Ukraine with the military assistance it needs to defend its freedom, strengthen its position, and work toward a lasting peace.
Risk Warning: Cryptocurrency is a unregulated virtual notoriously volatile instrument with a high level of risk. Any news, opinions, research, data, or other information contained within this website is provided for news reporting purposes as general market commentary and does not constitute investment or trading advice.
