Thursday, July 18, 2024

Germany plans to halve military aid for Ukraine

Germany is planning to nearly halve military aid for Ukraine next year, from around €8bn  to around €4bn, according to a draft budget approved by the government.

Finance Minister Christian Lindner said Ukraine's financing was "secure for the foreseeable future" due to a G7 group of rich nations scheme to raise $50bn from interest on frozen Russian assets.

Germany is Ukraine's second biggest military donor, after the US. In 2024, Berlin's budget for Kyiv is set at nearly €7.5bn.

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