Espreso. Global

Germany may halve military aid to Ukraine in 2025 - media

17 July, 2024 Wednesday
15:00

In 2025, Germany plans to reduce military aid to Ukraine by half. The draft budget provides for €4 billion instead of €8 billion in 2024

client/title.list_title

Reuters reports.

According to the publication, Germany hopes that Ukraine will be able to meet most of its military needs with $50 billion in proceeds from the frozen assets of the Russian Federation, which the G7 countries agreed to allocate to Ukraine.

Despite the reduction of military aid to Ukraine, Germany will meet NATO's target of 2% of GDP defense spending in 2025, which will amount to €75.3 billion, the publication says.

It is noted that the budget for 2025 comes with the mid-term financial planning until 2028, the year when the armed forces' special fund to meet NATO's minimum spending goals is due to run out and 80 billion will be needed for defence.

  • German Finance Minister Christian Lindner confirmed that the G7 countries had agreed to allocate $50 billion to Ukraine from the proceeds of frozen Russian assets.
Tags:
Read also:
  • News
2024, Saturday
23 November
20:10
Putin orders to dislodge Ukrainian forces from Kursk before Trump’s inauguration - Zelenskyy
19:50
Ukraine's ex-top general warns of potential Russian technological breakthrough by 2027
19:30
Exclusive
Kremlin to set Trump its terms for ending war - Russian opposition expert
19:11
Exclusive
Without security guarantees for Ukraine, negotiations are meaningless - U.S. diplomat
18:50
Ukraine can intercept new Russian Kedr missiles capable of carrying nuclear warheads
18:27
Russia steals over 785 Ukrainian cultural heritage artifacts
18:05
Exclusive
Russia's stockpile of such missiles is limited — aviation expert on Dnipro strike
17:40
Russia trains specialists for prisoner torture system - Ukraine’s intelligence
17:15
Exclusive
Biden administration never tried to ensure Ukraine's victory - U.S. diplomat
16:44
OPINION
Ukraine-Russia peace talks: possible as process, unlikely as outcome
16:15
Exclusive
Turbulence before Trump’s inauguration to bring 60 to 90 days of uncertainty - Russian opposition expert Morozov
15:49
U.S. intelligence links Kremlin to killings of Putin’s critics abroad
15:21
Russian general likely killed in Storm Shadow strike on Kursk headquarters - media
14:50
OPINION
Does Trump have plan?
14:20
Russia plans to test-fire ballistic missiles again in coming days - ISW
13:50
Russian attack on Zaporizhzhia: 11-year-old boy injured, 55-year-old man killed
13:25
Admiral Nakhimov nuclear-powered cruiser of Russian Fleet
How Russia's war on Ukraine stalled its Navy modernization - Defense Express
12:55
Russia trades missiles, air defense systems, oil in exchange for North Korean troops - ISW
12:25
Review
New details on Dnipro strike and reasons behind Russian advance in Donetsk region. Serhiy Zgurets' column
11:53
Russia planned genocide of Ukrainians long before full-scale invasion - intel chief Budanov
11:26
Exclusive
Russia is modernizing Soviet junk, Americans know how to deal with it - former SBU head 
10:55
Russian troops make significant progress in Klishchiivka - Andriivka section, Donetsk region
10:25
Russia loses 1,420 soldiers, 24 artillery systems, 20 tanks per day - Ukraine's General Staff
2024, Friday
22 November
21:40
Ukraine in talks with partners for new air defense systems - Zelenskyy
21:30
Exclusive
Nothing stops Russia from launching nuclear attack - Defense Express
21:20
118 combat clashes reported at front today, with Russian forces most active in Pokrovsk, Kurakhove, Vremivka sectors
21:10
Russian army aims to capture Donetsk, Luhansk regions this winter - Ukraine's intelligence
20:55
Russian troops execute five Ukrainian prisoners of war in Donetsk region
20:40
Exclusive
Russian forces likely control part of Ukraine's Kurakhove - military observer
20:23
Exclusive
Russia has already launched missiles at Ukraine with same warhead weight as recently
20:08
Russia’s Kedr ballistic missile: new threat or just another Oreshnik?
19:52
Exclusive
Taiwan provides $10 million in aid to Association of Ukrainian Cities
19:37
Ukraine's Lviv receives key of European Youth Capital 2025
19:21
What is difference between intercontinental ballistic missile and intermediate-range missile?
19:05
At least 14 Shahed drones fly into Belarus during Russian attack on November 22
18:50
Trump’s victory is opportunity to speed peace process - Ukraine's top diplomat
18:34
Moscow tries to intimidate West with nuclear war to change support for Ukraine - expert
18:16
Drones attack rocket test range used to launch ballistic missile at Ukraine
17:55
Almost 580,000 Russian servicemen take part in hostilities against Ukraine — Ukraine's intel
17:35
Two injured as Russian attack hits public transport in Ukraine's Kherson region
More news