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Snapshot 1:Thu, Jul 18, 2024 10:34:03 AM GMT last edited by Tareq

Germany to Halve Military Aid to Ukraine

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The Facts

  • Germany will nearly halve the amount of military aid it will provide to Ukraine next year, according to a draft budget approved by the government on Wednesday.

  • While the 2025 budget still needs to be approved by lawmakers, the amount of German money going to Ukraine under current plans will go from roughly €7.5B ($8.2B) this year to around €4B ($4.37B) next year.

  • In a press conference, German Finance Minister Christian Lindner said Ukraine should be able to meet the bulk of its military needs from a plan approved by the Group of Seven (G7) nations that will provide Ukraine with $50B in loans generated from interest on frozen Russian assets.


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