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A British economist and expert on Ukraine is convinced that the West still does not finance and arm our country sufficiently for a real victory.

What financial and military assistance can Ukraine rely on in 2024?

Ukrainian servicemen load a truck with the FGM-148 Javelin, American man-portable anti-tank missile.

In his blog, Timothy Ash drew attention to the numbers: the West spent $100B a year for the past two years to support Ukraine in its fight. However, Russia is increasing its defense spending to $140B annually, so Western funds are insufficient to allow Ukraine to win.

According to Timothy Ash, to enable a Ukrainian victory, support should be increased to $150B annually, i.e., to $12.5B monthly. However, according to the expert, this is a very difficult political task because a Trump victory will most likely reduce US support to Ukraine by approximately 40%, i.e. to $60B per year.

In turn, Europe is unlikely to be able to finance this $40B deficit and then add another $50B a year. Therefore, Ash calls the use of all $330B of the Russian Central Bank’s frozen assets the only realistic option.

“This is the only way to guarantee a quick Ukrainian victory,” Ash summarized.

 

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