François Philippe Champagne on Ukraine

François Philippe Champagne, in his capacity as Finance Minister, has taken a firm, supportive stance regarding Ukraine, primarily through his involvement in G7 finance ministers' meetings. He chaired a virtual meeting where G7 counterparts agreed to bolster coordinated measures aimed at increasing pressure on Russia to end its aggression and to support Ukraine’s defense and financing needs. Key evidence of this commitment includes agreeing to develop options like leveraging immobilized Russian sovereign assets, imposing new restrictive measures on Russian economic supporters, and implementing trade measures such as tariffs to reduce Russian revenues.

The Minister’s actions underscore a commitment to the country's long-term security and recovery. He reiterated Canada's "unshakable support for Ukraine" following his participation in the Ukraine Recovery Conference in Rome, where he announced a $200 million contribution via the World Bank’s F.O.R.T.I.S. fund, fulfilling part of Canada's $5 billion commitment under the G7 Extraordinary Revenue Allocation loans. Furthermore, he has expressed interest in helping build Ukraine's pension system, demonstrating a focus that extends beyond immediate crisis response to long-term institutional support.