Germany to Cut Ukraine Military Aid in 2025: Parliament Source
13:38 JST, August 18, 2024
Germany, the second largest contributor of aid to Ukraine, plans to halve its military aid to Kyiv in 2025, a parliamentary source told AFP Saturday.
Instead, the government of Olaf Scholz will bank on money generated from frozen Russian assets to continue supporting Kyiv, and is not planning “additional aid” to the €4 billion ($4.4 billion) set aside in next year’s budget.
This year, aid from Berlin amounted to €8 billion.
To compensate, Germany is counting on “the creation, within the framework of the G7 and the European Union, of a financial instrument using frozen Russian assets, said a separate source from inside the ministry of finance.
German daily Frankfurter Allgemeine Sonntagszeitung said in its weekend edition that the move was part of an agreement between the chancellor, the Social Democratic party (SPD) and Finance Minister Christian Lindner.
Lindner is a member of junior coalition partner the Liberal party.
Ukraine’s ambassador to Germany Oleksii Makeiev said in a posting on X, formerly Twitter, that “the security of Europe depends on Germany’s political will to continue to play a frontline role in supporting Ukraine”.
The 2025 budget has been the subject of fierce discussions between the government coalition of Liberals, the Greens and the Social Democrats.
Lindner has asked other ministries to make savings in order to respect a constitutional rule that aims to prevent the state from taking on too much debt.
However the budget is still subject to discussions before being adopted by the end of the year. The finance ministry said Saturday it was open to considering extra spending for Ukraine on a case-by-case basis.
Ukraine’s allies have been working for several months on a mechanism to allow part of the $300 billion of Russian assets frozen worldwide to be used to support Kyiv in its war with Moscow.
"News Services" POPULAR ARTICLE
-
North Korea Long-Range Ballistic Missile Test Splashes Down between Japan and Russia (UPDATE 1)
-
Japan’s Nikkei Stock Closes at 2-week Peak as Tech Shares Track Nasdaq Higher (Update 1)
-
Nissan Plans 9,000 Job Cuts, Slashes Annual Profit Outlook
-
Iran Arrests Female Student Who Stripped to Protest Harassment
-
Chinese Solar Firms Go Where US Tariffs Don’t Reach
JN ACCESS RANKING
- Streaming Services Boost Anime Popularity Overseas; Former ‘Geeky’ Interest More Beloved Among Gen Z than 3 Major U.S. Sports
- G20 Sees Soft Landing for Global Economy; Leaders Pledge to Resist Protectionism as Trump Calls for Imported Goods Flat Tariff
- Chinese Rights Lawyer’s Wife Seeks Support in Japan; Sophie Luo Calls for Beijing to Free Ding Jiaxi, Xu Zhiyong
- Malaysia Growing in Popularity as Destination for Studying Abroad; British-style Education Available at Low Cost
- ‘Women Over 30 Would Have Uteruses Removed’; Remarks of CPJ Leader, Novelist Naoki Hyakuta Get Wide Attention