€100B from NATO is not enough: Lithuania insists on increasing the financing amount for Ukraine’s defense capabilities, including within the limits of bilateral commitments.

Friday, April 5, 2024
€100B from NATO is not enough: Lithuania insists on increasing the financing amount for Ukraine’s defense capabilities, including within the limits of bilateral commitments.

As NATO members discuss the creation of a €100B five-year fund to support Ukraine, Lithuania is taking the position that these efforts may also include bilateral aid, Lithuania’s ambassador to the alliance said.

“€100B for five years is still not very much. We should think about a larger amount and maybe include what we provide to Ukraine on a bilateral basis. I hope that we will move on to concrete decisions that will be more binding,” the diplomat said.

He says discussions on specific funding rules include setting a certain percentage of a country’s GDP because funding is currently uneven.

It is noteworthy in this context that the Czech Republic is asking other countries to allocate more money to purchase shells for Ukraine. Prague itself will allocate tens of millions of euros for its initiative. Almost 18 countries have joined the Czech-led program. To date, Germany has promised the most significant contribution of €576M.

 

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
NATO member countries have accepted Stoltenberg's idea of a €100B fund for Ukraine “with a squeal.

NATO member countries have accepted Stoltenberg's idea of a €100B fund for Ukraine “with a squeal."

Next post
The demand for new cars In Ukraine increased by almost 50%.

The demand for new cars In Ukraine increased by almost 50%.

Previous Main Topics