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Germany plans to allocate 5 billion euros annually to Ukraine

#StandWithUkraine
August 15,2023 2240
Germany plans to allocate 5 billion euros annually to Ukraine

The German government intends to allocate EUR 5 billion of military support to Ukraine annually until 2027, said Finance Minister Christian Lindner during a visit to Kyiv. However, the decision still needs to be approved by the German parliament.

Germany has provided Ukraine with EUR 22 billion in aid since the beginning of the full-scale war. It is not only about military support but also humanitarian aid, support for displaced persons and the contributions of the Federal Republic of Germany to the International Monetary Fund.

“Right now, we are talking with Ukraine not as a donor country but as a partner country,” Lindner said.

The possibility of allocating EUR 5 billion annually to Ukraine was discussed by the ministers of foreign affairs of the EU countries on July 20 during a meeting in Brussels. The assistance is planned for the period of the next four years.

“We propose the creation of a dedicated section under the European Peace Facility to provide up to EUR 5 billion a year for the next four years for the defence needs of Ukraine. … This is the evaluation of the needs and the costs of our long-term security commitments to Ukraine,” Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy, said.

Cover: Alamy

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