Berliner Boersenzeitung - NATO chief seeks 'at least' 40 bn euros a year in Ukraine aid

EUR -
AED 4.061239
AFN 70.774285
ALL 90.674324
AMD 400.588378
ANG 1.979985
AOA 1014.065922
ARS 1708.818725
AUD 1.627461
AWG 1.992192
AZN 1.879823
BAM 1.955229
BBD 2.233478
BDT 137.929696
BGN 1.9559
BHD 0.418387
BIF 3352.91121
BMD 1.105852
BND 1.425122
BOB 12.980207
BRL 6.24054
BSD 1.108886
BTN 104.234956
BWP 15.384644
BYN 3.340924
BYR 21674.696468
BZD 2.230279
CAD 1.577039
CDF 2560.046784
CHF 0.924354
CLF 0.027949
CLP 1099.98486
CNY 7.37675
CNH 7.377757
COP 3668.807308
CRC 500.66502
CUC 1.105852
CUP 26.614223
CVE 110.234284
CZK 24.380825
DJF 197.474975
DKK 7.475371
DOP 67.280948
DZD 151.457624
EGP 59.092272
ERN 16.587778
ETB 181.067828
FJD 2.515094
FKP 0.835271
GBP 0.836107
GEL 2.864315
GGP 0.835271
GHS 12.985206
GIP 0.835271
GMD 81.832691
GNF 9825.217834
GTQ 8.473639
GYD 232.002207
HKD 8.675264
HNL 29.819556
HRK 7.534784
HTG 145.301483
HUF 365.491779
IDR 20145.248052
ILS 3.540329
IMP 0.835271
INR 104.187335
IQD 1681.139161
IRR 2116047.535497
ISK 136.616819
JEP 0.835271
JMD 175.668668
JOD 0.784015
JPY 176.996042
KES 143.716444
KGS 96.705527
KHR 4569.78864
KMF 493.210208
KPW 995.266721
KRW 1476.417309
KWD 0.34434
KYD 0.924147
KZT 492.534985
LAK 24954.70802
LBP 99304.282436
LKR 368.772242
LRD 188.517471
LSL 18.550659
LTL 3.265293
LVL 0.668919
LYD 7.151007
MAD 10.922908
MDL 20.227089
MGA 5061.52098
MKD 61.54566
MMK 2322.178184
MNT 3985.580384
MOP 8.959244
MRU 44.869968
MUR 52.660715
MVR 17.041092
MWK 1920.864311
MXN 20.579351
MYR 4.518954
MZN 70.674713
NAD 18.53394
NGN 1486.587678
NIO 40.808444
NOK 10.583743
NPR 166.774775
NZD 1.995747
OMR 0.425205
PAB 1.108976
PEN 3.780995
PGK 5.058613
PHP 70.551412
PKR 306.648568
PLN 4.405067
PYG 6874.084575
QAR 4.042474
RON 5.346681
RSD 117.602261
RUB 91.561274
RWF 1638.121327
SAR 4.174609
SBD 8.954413
SCR 15.490166
SDG 665.172606
SEK 11.089316
SGD 1.423286
SHP 0.828633
SLE 25.323544
SLL 23189.184907
SOS 633.101178
SRD 41.473866
STD 22888.900808
STN 24.493286
SVC 9.70334
SYP 14378.286141
SZL 18.534317
THB 37.444695
TJS 10.229949
TMT 3.88154
TND 3.33797
TOP 2.662625
TRY 55.680198
TTD 7.532935
TWD 36.35543
TZS 2940.298651
UAH 50.390575
UGX 4563.666457
USD 1.105852
UYU 44.947069
UZS 13274.121188
VES 995.809091
VND 28391.087743
VUV 133.070168
WST 3.0907
XAF 655.957
XAG 0.022146
XAU 0.000283734004
XCD 2.98862
XCG 1.998552
XDR 0.781895
XOF 655.957
XPF 119.331742
YER 261.535134
ZAR 18.548679
ZMK 9953.992832
ZMW 22.649689
ZWL 356.083848
SSP 6575.959858
MXV 2.311087
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

NATO chief seeks 'at least' 40 bn euros a year in Ukraine aid
NATO chief seeks 'at least' 40 bn euros a year in Ukraine aid / Photo: Peter David Josek - POOL/AFP

NATO chief seeks 'at least' 40 bn euros a year in Ukraine aid

NATO chief Jens Stoltenberg on Friday urged members to commit to providing Ukraine at least 40 billion euros ($43 billion) a year in military aid, seeking to ensure long-term support as war with Russia grinds on.

Text size:

With Russia waging a major new offensive, NATO foreign ministers met in Prague to lay the groundwork for a July summit in Washington that will both celebrate 75 years of the transatlantic alliance and seek new ways to bolster Ukraine.

The United States has led assistance to Ukraine but is resuming aid after a months-long delay triggered by fighting in Congress, with November's presidential election throwing further doubt on future US funding.

"Since Russia's full-scale invasion in 2022, allies have provided approximately 40 billion euros worth of military aid to Ukraine each year. We must maintain at least this level of support each year, for as long as necessary," Stoltenberg told journalists after the two days of talks.

He said he wanted NATO's 32 countries to share the burden "equitably" and be ready to announce the plan at the Washington summit.

"We need a firm commitment for the long haul to ensure that Ukraine is able to plan, to ensure that Ukraine has the predictability they need to conduct this war of self-defence," Stoltenberg said.

He said one way to measure each country's commitment could be to base it on gross domestic product, but the plan was not finalised.

It is the latest effort by Stoltenberg to put NATO support on firmer footing ahead of a potential return of Donald Trump, who has dismissed both the alliance itself and Ukraine aid as wasteful.

Last month Stoltenberg floated an overall target of 100 billion euros ($108 billion) over five years for Ukraine support, but that fell flat among allies confused over what it would involve.

Czech Foreign Minister Jan Lipavsky welcomed Stoltenberg's latest proposal and said it seemed manageable as it represented only a small fraction of defence expenditure.

But he said that ensuring countries stick to their promises, even when their governments change, was "the trillion-dollar question".

- Firmer support for Ukraine -

After pressing hard at a summit last year, Kyiv has been told firmly by NATO countries not to expect concrete progress toward joining the alliance in Washington.

Opposition is led by the United States and Germany, which are wary of extending NATO's commitment of mutual defence to a country in the throes of war.

US Secretary of State Antony Blinken said instead that the summit would offer a "bridge to membership" that was "strong and well lit", with alliance members concluding bilateral security agreements with Ukraine.

In the latest shift to ramp up support, Blinken confirmed that President Joe Biden had authorised Ukraine to use US weapons against targets across the border into Russia in direct response to attacks.

Asked if rules could be relaxed further, Blinken said the United States would continue to "as necessary, adapt and adjust".

But Turkey, a NATO member that has not joined in sanctions against Russia, aired concern.

"We support the continuation of aid to Ukraine and Ukraine's capacity for dissuasion, but we do not want NATO to take part in this war," Turkish Foreign Minister Hakan Fidan said after the talks.

One area where NATO seems close to a final agreement is a plan for the alliance to take over from the United States in the coordination of weapon supplies to Ukraine.

So far, Washington has been in charge as NATO has stayed clear of involvement in delivering arms because of worries Moscow would see it as a provocation.

Proponents say making the alliance responsible overall could help insulate future deliveries if Trump wins back the White House, while others fear it might just add more bureaucracy to the process.

Stoltenberg noted that NATO allies provided 99 percent of military aid to Ukraine.

"So, it makes sense that NATO should play a greater role in these efforts," he said.

(T.Renner--BBZ)