Mr. Speaker, NATO allies' response to Russia's aggression has also accelerated NATO's transformation as it adjusts to a more dangerous strategic reality, including through the adoption of the next strategic concept at the NATO leaders summit in June. NATO will further develop the full range of ready forces and capabilities necessary to maintain credible deterrence and defence. These steps will be supported by enhanced exercises with an increased focus on collective defence and interoperability.
Canada is unwavering in its commitment to the NATO alliance, to the defence of Euro-Atlantic security and to the rules-based international order. We also understand the need to invest in defence to be agile and adaptable in the space of evolving threats. In 2017, Canada released its current defence policy, “Strong, Secure, Engaged”, which considerably increased defence spending and put in place a plan to equip the Canadian Armed Forces for the rapidly changing security environment.
Canada will exceed the aspirational guideline of spending 20% of defence budgets on major equipment. This does not include expenditures associated with NORAD modernization and continental defence or the planned purchase of 88 next-generation fighter aircraft.
The steps we are taking to ensure the security of our alliance and of the Euro-Atlantic area will require adequate resources. Canada is substantially increasing our defence expenditures, and we continue our efforts to fulfill commitments to the defence investment pledge.
Canada is also clear-eyed about the potential threats in the Arctic and has committed to enhancing situational awareness in this domain. We will increase training and joint exercises with our Arctic allies and partners while promoting intelligence sharing in the Arctic, including with NATO.
Our contributions to NATO demonstrate Canada's unwavering commitment to the alliance and to strengthened allied capacity to respond to the evolving security environment. Our contributions maintain and strengthen the transatlantic bond.
In conclusion, Canada, Europe and NATO—the entire transatlantic community—is speaking with one voice. We will continue to engage the broader international community to maintain strong condemnation and pressure on Putin. The Russian leadership will answer for Russia's horrifying attacks on Ukraine. We will continue to work with our allies and partners in NATO, the G7, the OECD, the UN, the EU and the international community to support Ukraine as it fights for its country, democracy and freedom.
We call on Russia to withdraw all of its troops from Ukraine and its illegal invasion and turn to fact-based diplomacy and dialogue. Ukraine has the right to be free and secure, and every Ukrainian deserves the right to dignity and peace.