Ukraine and Canada sign energy cooperation deal and 100-Year Partnership declaration
Ukraine's and Canada's energy ministers signed a Joint Statement on deepening energy cooperation on September 11, alongside a broader package of bilateral commitments. Canada announced new financial measures to support Ukraine's energy sector ahead of the 2026/2027 heating season, an air defense interceptor missile package, and a Drone Deal. President Zelensky and Prime Minister Carney also signed a Declaration on 100-Year Partnership.
Key points
- Ukraine's Energy Minister Denys Shmyhal and Canada's Energy Minister Tim Hodgson signed a Joint Statement on deepening energy cooperation on September 11.
- Canada committed 10 million Canadian dollars (US$7.2 million) to the Ukraine Energy Support Fund.
- Canada plans to provide the EBRD with credit guarantees of up to US$757 million for Ukraine's energy security, including emergency gas purchases and fuel reserves ahead of the 2026/2027 heating season.
- Energoatom and Cameco announced cooperation on long-term uranium supplies and conversion services through 2035.
- Export Development Canada is allocating 200 million Canadian dollars (US$144 million) for priority Ukrainian projects, including hydroelectric infrastructure.
- Canada will allocate 350 million Canadian dollars (US$253 million) for interceptor missiles for Ukraine's air defense.
- President Zelensky and Prime Minister Carney signed a Declaration on 100-Year Partnership, with Zelensky also announcing a Drone Deal under which Ottawa would transfer one-third of its drones to Ukraine.
Why it matters
Canada is committing substantial financial resources — including loan guarantees of up to US$757 million — to Ukraine's energy security ahead of the 2026/2027 heating season. The package spans energy infrastructure, uranium supply, air defense missiles and drones, indicating broad Canadian support across civilian and military domains. The 100-Year Partnership declaration points to a long-term commitment to raise bilateral relations to the level of a comprehensive strategic partnership.
What happened
On September 11, Ukraine's Energy Minister Denys Shmyhal and Canada's Energy Minister Tim Hodgson signed a Joint Statement on deepening energy cooperation. Canada committed 10 million Canadian dollars (US$7.2 million) to the Ukraine Energy Support Fund and announced plans to provide the European Bank for Reconstruction and Development with credit guarantees of up to US$757 million to support Ukraine's energy security, including emergency natural gas purchases and strategic fuel reserves ahead of the 2026/2027 heating season. Ukraine's Energoatom and Canada's Cameco Corporation announced cooperation to ensure long-term supplies of uranium and conversion services through 2035. Export Development Canada is allocating 200 million Canadian dollars (US$144 million) to support priority projects in Ukraine, including hydroelectric infrastructure. Canada will also allocate 350 million Canadian dollars (US$253 million) for interceptor missiles for Ukraine's air defense. During his visit to Canada, President Volodymyr Zelensky announced the signing of a Drone Deal, under which Ottawa would transfer one-third of the drones it produces to Ukraine's needs. Zelensky and Canadian Prime Minister Mark Carney also signed a Declaration on 100-Year Partnership, expressing the two countries' intention to elevate bilateral relations to the level of a comprehensive strategic partnership. Prime Minister Carney announced the new energy support measures as part of efforts to help Ukraine get through the winter. The joint statement also envisages dialogue on Canadian private-sector participation in rebuilding Ukraine's energy sector, covering energy equipment, engineering services, technical expertise, digital technologies, cybersecurity and operational resilience.
Background
Ukraine's energy infrastructure has been a target during the conflict, making external support for energy security a priority. The Energoatom–Cameco cooperation on uranium supplies and conversion services runs through 2035, providing long-term nuclear fuel security. Canadian support is channelled through multiple mechanisms: direct contributions to the Ukraine Energy Support Fund, EBRD-backed loan guarantees, Export Development Canada financing, and military aid.