World News
2024-08-17 | 09:12
Efforts are ongoing among Ukraine’s allies to create a mechanism for using part of the $300 billion in frozen Russian assets to aid Kyiv in its conflict with Moscow.
Germany, the second largest contributor of aid to Ukraine, plans to halve its bilateral military aid to Kyiv in 2025, a parliamentary source told AFP Saturday.
Instead, the government of Olaf Scholz will bank on money generated by frozen Russian assets to continue supporting Kyiv and is not planning "additional aid" to the 4 billion euros ($4.4 billion) set aside in next year's budget. This year aid from Berlin amounted to 8 billion euros.
AFP
Instead, the government of Olaf Scholz will bank on money generated by frozen Russian assets to continue supporting Kyiv and is not planning "additional aid" to the 4 billion euros ($4.4 billion) set aside in next year's budget. This year aid from Berlin amounted to 8 billion euros.
AFP
- No additional aid beyond the four billion euros ($4.4 billion) allocated in the upcoming budget is planned.
- This year, Germany’s aid to Ukraine totaled eight billion euros.
The 2025 budget, which has been the subject of intense negotiations among the coalition parties—the FDP, the Greens, and the Social Democrats—has faced pressure to cut spending to adhere to a constitutional rule limiting state debt. The budget is still under discussion and must be finalized by the end of the year.
Efforts are ongoing among Ukraine’s allies to create a mechanism for using part of the $300 billion in frozen Russian assets to aid Kyiv in its conflict with Moscow.
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