NATO Plans €70 Billion Aid Package for Ukraine Ahead of July Summit
NATO discusses €70 bln financial aid package for Ukraine — Politico
Image: Тасс
NATO is considering a €70 billion military aid package for Ukraine, to be discussed at the upcoming summit in Ankara in July. This includes €40 billion in new commitments and €30 billion from the EU's existing aid package, addressing concerns of fairness among member states.
- 01The proposed aid package totals €70 billion, with €40 billion as new commitments.
- 02The initiative was introduced by the German government in May.
- 03€30 billion of the package is part of the EU's €90 billion aid initiative.
- 04The plan aims to enhance transparency regarding each NATO member's contributions.
- 05Support for Ukraine is expected to be a key agenda item at the NATO summit on July 7-8.
Advertisement
In-Article Ad
NATO member countries are in discussions to provide Ukraine with a significant military financial assistance package totaling €70 billion, which may be announced during the upcoming NATO summit in Ankara on July 7-8. Of this amount, €40 billion would represent new funding commitments, while the remaining €30 billion is part of the European Union's €90 billion aid package. The initiative, proposed by the German government in May, includes mechanisms to improve transparency regarding contributions from each member nation, addressing previous complaints from some European countries about the unequal burden of support for Ukraine. This support is anticipated to be a central topic at the summit.
Advertisement
In-Article Ad
The financial aid package aims to strengthen Ukraine's military capabilities amid ongoing conflict, which could affect regional stability and security.
Advertisement
In-Article Ad
Reader Poll
Do you support NATO's financial aid package for Ukraine?
Connecting to poll...
More about NATO
Read the original article
Visit the source for the complete story.