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Home»World»Europe»Ukraine
Ukraine

Germany to provide an extra $445 million in aid for Ukraine in 2024, according to AFP

September 19, 2024No Comments3 Mins Read
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The German government has earmarked an additional 400 million euros ($445 million) in aid for Ukraine to support the country’s armed forces. This funding is required to provide military support, including drones and air defense equipment, to bolster Ukraine on the battlefield for the rest of 2024. Germany had initially planned to increase its military aid to Ukraine by 3.8 billion euros ($4.13 billion) in 2024, but the Finance Ministry did not approve this request by Defense Minister Boris Pistorius. Despite the increase in aid this year, Berlin is planning to cut its assistance to Ukraine in half to 4 billion euros ($4.4 billion) in 2025. The shortfall in aid may be compensated by Ukraine receiving $50 billion in profits from frozen Russian assets, but political complications have arisen due to delays caused by Hungary in the assets scheme.

According to the Kiel Institute for the World Economy, Germany has allocated a total of 14.7 billion euros ($16.4 billion) in support for Ukraine as of June 2024. The United States Ambassador to Ukraine, Bridget Brink, stated that they have an understanding of Ukrainian President Zelensky’s victory plan during an interview with the Kyiv Independent on September 19. This interview took place during the National Media Talk, an annual journalism conference supported by USAID and Internews. The U.S. has been a significant supporter of Ukraine and has provided military and financial aid to the country over the years.

The increase in German aid to Ukraine comes at a time when “anti-war” parties in Germany, opposing aid to Ukraine, have made gains in regional elections on September 1. This has caused political complications for Germany’s commitment to support Ukraine, especially as budgetary concerns arise. Germany has become Ukraine’s second-largest military donor after the U.S., with around 8 billion euros ($8.8 billion) in support planned for this year. However, some of this aid is at risk of being reduced in the future, which may impact Ukraine’s defense capabilities and military operations.

The German Finance Ministry document revealing the additional 400 million euros in aid for Ukraine contradicted earlier reports in August that Berlin was not planning to approve extra assistance this year. The funds are crucial for providing immediate military support to Ukraine, and it signifies Germany’s increasing commitment to the country’s security and defense. Despite internal political challenges and potential budget constraints, Germany remains a key supporter of Ukraine’s efforts to defend itself against Russian aggression and maintain stability in the region.

The ongoing conflict in Ukraine, with Russia’s annexation of Crimea and continued military actions in the eastern parts of the country, has highlighted the importance of international support for Ukraine’s security. The aid provided by countries like Germany and the U.S. is crucial in helping Ukraine defend itself and maintain its sovereignty. As tensions in the region continue, the support from these allies becomes even more critical in ensuring stability and security in Ukraine and the broader European region. The commitment to aid Ukraine in its defense efforts demonstrates a unified front against aggression and a commitment to upholding international norms and principles.

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