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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.

BBC News

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.

Reuters

"Ukraine's financing is secured for the foreseeable future thanks to European instruments and the G7 loans," Lindner said.

Elsewhere in the budget, the German defense ministry is being forced to cut 2025 ammunition orders by more than half, reduce procurement by €260M ($284.2M) and research and development by over €200M ($218.6M).

Yahoo! News

Nonetheless, the overall defense budget will go up by €1.3B ($1.42B) to roughly €53.3B ($58.3B) and Germany is expected to meet the NATO target of spending 2% of its gross domestic product on defense spending.

Germany to Halve Military Aid to Ukraine

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Germany to Halve Military Aid to Ukraine

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