Berlin says a G7 scheme to raise $50bn from interest on frozen Russian assets will ensure other funding.

Germany is planning to nearly halve military aid for Ukraine next year, from around €8bn (£6.7bn; $8.7bn) 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.

  • troed@fedia.io
    752·
    4 months ago

    ffs people can’t even read the second sentence in the excerpt.

    The rest of the money comes from the frozen assets interest. Ukraine is not getting less.