The German government has confirmed that it has earmarked half the amount for military aid to Ukraine in the 2025 budget, counting on income from the Russian assets.

Monday, July 22, 2024
The German government has confirmed that it has earmarked half the amount for military aid to Ukraine in the 2025 budget, counting on income from the Russian assets.

In its draft budget for 2025, Germany will provide €4B for military aid to Ukraine, calculating that Kyiv’s needs for military support will be covered mainly by interest from the frozen assets of the Russian Federation, noted the First Deputy Spokesperson of the Federal Government, Christiane Hoffmann.

“This amount is primarily intended for military support to Ukraine,” she said, adding that Germany remains the largest provider of aid to Kyiv in the EU.

At the same time, Hoffmann stressed, it should be taken into consideration that Ukraine is anticipated to receive $50B following the decision adopted in June by the G7 countries on the use of revenue from Russia’s frozen assets.

“These financial resources will be largely used for military aid and reconstruction,” she said.

The German government has already approved the draft budget for 2025, which still needs to be approved by the Bundestag. In the 2024 budget, about €7.48B was provided for military aid to Ukraine, which was spent in the first half of the year.

 

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