The European Parliament proposes fixing a GDP share for aid to Ukraine.

Wednesday, January 17, 2024
The European Parliament proposes fixing a GDP share for aid to Ukraine.

Assistance to Ukraine will be more effective if EU countries fulfill their promises without delay. According to a European Parliament discussion, determining a fixed share of GDP to define the amount of aid each country will supply can be an effective measure.

“Last year, Russia spent 6% of its GDP on war, Ukraine – 25%. The EU’s support amounted to only 0.075% of its GDP. The US figure is slightly better – 0.1%“, said Lithuanian member of Parliament Andrius Kubilius.

The politician emphasized that support for Ukraine varies from different countries. Lithuania and Estonia allocated 0.4% of their respective GDPs, Germany 0.5%, and France’s support was only 0.02%. If all the NATO and EU member states supported Ukraine with at least 0.25% of their GDP, Ukraine would gain an advantage, Kubilius urged.

Member of Parliament from Estonia Sven Mikser stressed that if the Euro-Atlantic Community and other partners establish their aid to Ukraine at 0.25% of their GDP, it will amount to approximately €2.12B annually.

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