Dwindling funds from Ukraine’s partners endangers continued military aid.

Tuesday, October 1, 2024
Dwindling funds from Ukraine’s partners endangers continued military aid.

Military supplies for Ukraine for next year are in jeopardy due to some allies’ financial difficulties, and other countries are unwilling to increase their aid contributions. Ukraine is trying to convince its Western allies to fulfill their promises.

At the same time, Moscow’s military machine dwarf’s Kyiv’s ability to obtain the necessary ammunition, missiles and equipment to defend against attacks. According to Bloomberg, the Russian economy works to provide for the military’s needs, while Ukraine’s allies do not possess war economies.

The bulk of Ukraine’s military support for 2025 is related to the G7 countries’ agreement to provide $50B in loans secured by profits from frozen Russian assets. However, the countries are still discussing the loan’s details. If no agreement is reached, the final amount may be less. Even if the deal is signed, $50B will not be enough to meet all of Ukraine’s needs for another year of war. To provide for them, Ukraine’s allies will be forced to look for additional financial resources.

 

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