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Writer's pictureBy The Financial District

NATO Ministers Discuss €100 Billion Military Fund For Ukraine

A proposal by NATO Secretary General Jens Stoltenberg for a €100 billion ($107 billion) five-year fund for Ukraine drew mixed responses from member states, as reported by Andrew Gray and John Irish for Reuters.


The proposal aims to put military support for Ukraine on a long-term footing and would give the Western alliance a more direct role in coordinating the supply of arms, ammunition, and equipment to Ukraine as it fights Russia's invasion. I Photo: NATO Facebook



The proposal aims to put military support for Ukraine on a long-term footing and would give the Western alliance a more direct role in coordinating the supply of arms, ammunition, and equipment to Ukraine as it fights Russia's invasion.


Under the plans, NATO would assume some coordination work from a US-led ad-hoc coalition known as the Ramstein group - a move designed in part to guard against any cut in US support if Donald Trump returns to the White House, diplomats said.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

"We need to shift the dynamics of our support," Stoltenberg said as he arrived at a meeting of NATO foreign ministers in Brussels.


"We must ensure reliable and predictable security assistance to Ukraine for the long haul, so that we rely less on voluntary contributions and more on NATO commitments. Less on short-term offers and more on multi-year pledges."




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