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Canada pledges $5B in seized Russian assets for Ukraine on war anniversary

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trudeau zelenskyy feb 24

Canada Commits $5 Billion in Aid to Ukraine, Pledges Support for a Just Peace

Canadian Prime Minister Justin Trudeau announced on Monday that Canada will provide $5 billion in aid to Ukraine, funded by seized Russian assets. The announcement was made during a peace and security summit in Kyiv, where Trudeau and over a dozen world leaders gathered to mark the third anniversary of Russia’s invasion of Ukraine. The summit underscored the international community’s strong support for Ukraine’s efforts to end the war on its own terms and retain its territorial integrity. Trudeau emphasized that the conflict was not of Ukraine’s making, stating, “This is not a conflict Ukraine wanted, provoked, or asked for in any way. This is a war started for one reason and one reason only: Russia’s desire to erase Ukrainian history and expand their empire.”

Military and Energy Support for Ukraine

In addition to the financial aid, Trudeau pledged 25 new light armoured vehicles (LAV III) and two armoured combat-support vehicles for Ukrainian troops. These vehicles will be operated by Ukrainian soldiers who will receive training in Germany in the near future. Canada also announced the provision of four F-16 flight simulators and related systems to bolster Ukraine’s air defense capabilities. Furthermore, Trudeau committed to assisting Ukraine with energy security, as Russia continues to target the country’s power grid. The $5 billion in aid represents the first installment of funds generated from frozen Russian assets, following years of efforts by the Canadian government to confiscate holdings linked to the Russian government and its oligarchs.

Ukraine’s Role in Negotiations and the Path to Peace

Trudeau reiterated the importance of Ukraine having a direct role in negotiations to end the war, a stance that aligns with Kyiv’s demands for inclusion in any peace talks. He criticized the idea of excluding Ukraine from negotiations, emphasizing that “we cannot return to an era where might makes right. We must do everything in our power to enable Ukraine to secure a just and lasting peace, a peace that cannot be achieved without Ukrainians at the table.” This statement comes amid concerns about Washington’s direct talks with Moscow, which have been met with dismay by European leaders. Trudeau also avoided commenting on Ukraine’s potential membership in NATO, a topic that has been raised by other leaders during the summit.

The Broader Context of the Conflict

The summit in Kyiv took place against the backdrop of heightened security, with an audible air-defense siren ringing out during the proceedings. The streets surrounding the venue were heavily guarded, with police officers stationed at every corner and security checkpoints in place. Despite these challenges, leaders remained resolute in their commitment to Ukraine’s sovereignty. Trudeau’s visit marked his fourth trip to Ukraine since 2022 and is likely his final visit before stepping down as prime minister, as his Liberal party prepares to elect a new leader next month. Ukrainian President Volodymyr Zelenskyy expressed hope that Trudeau would provide updates on the G7’s relationship with the U.S. under President Donald Trump, who has faced criticism for blaming Ukraine for the conflict.

International Unity and the Fight for Democracy

The summit highlighted the ongoing international unity in supporting Ukraine, with leaders calling for collective action to end the war and uphold global sovereignty. Trudeau underscored the urgency of the moment, stating, “We can’t wait. The moment to stop this war of aggression, the moment to defend democracy, the moment to stand for our shared values — is now. So let us seize it.” Canada has been a vocal advocate for forfeiting Russian assets held in frozen accounts worldwide, particularly in Europe, to support Ukraine’s recovery and reconstruction efforts. Trudeau also pledged Canada’s continued support for training Ukrainian troops, ensuring that Russia cannot undermine the global order that has protected sovereignty for decades.

A Commitment to Ukraine’s Future

Looking ahead, Trudeau emphasized Canada’s readiness to work with international partners to provide Ukraine with the security and resources needed to rebuild and prosper once a just peace is achieved. The announcement of $5 billion in aid, along with military and energy support, demonstrates Canada’s unwavering commitment to Ukraine’s sovereignty and resilience. As the war enters its fourth year, the international community remains united in its determination to stand with Ukraine and defend democratic values. Trudeau’s words resonated with the spirit of solidarity at the summit: “Once a just peace is secured, Canada stands at the ready to work with our partners around the world to provide Ukraine the security it needs for the peace to last, allowing it to recover, rebuild, and prosper.”

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