PM: Canada to join European rearmament plan

During a visit to Quebec, Canadian Prime Minister Mark Carney announced that Canada intends to take part in the European rearmament process, as part of efforts to bolster transatlantic security.

The announcement comes at a time of heightened global security concerns, particularly in light of ongoing tensions in Europe, Caliber.Az reports per Russian media. 

Carney emphasised the importance of strengthening security in collaboration with Canada’s reliable global partners and stated that Canada was strengthening security with its reliable global partners, which included advancing Canada's involvement in a new European rearmament plan aimed at bolstering transatlantic security.

The prime minister's remarks, which were broadcast by national television channels, also highlighted Canada's ongoing commitment to military assistance to Ukraine. As part of the new defence strategy, Carney confirmed that Ottawa would focus on stimulating domestic production, particularly within the defence sector, to meet the growing demand for military supplies. 

On March 4, European Commission President Ursula von der Leyen announced that she had proposed a European rearmament plan to EU leaders, with a budget of 800 billion euros ($908 billion). The plan involves the European Commission issuing pan-European bonds worth 150 billion euros ($170 billion) to fund investments in the EU's defence industry. The strategy aims to encourage EU countries to invest in military needs, targeting 650 billion euros ($737 billion) by 2030.

By Naila Huseynova