LONDON DAILY ARCHIVE
Germany to Reduce Military Aid to Ukraine in 2025
Germany, the second-largest contributor of aid to Ukraine, plans to cut its military aid to Kyiv by half in 2025. The government will rely on money generated from frozen Russian assets instead of increasing the current budget. The finance ministry remains open to additional spending for Ukraine on a case-by-case basis.
18 August 2024 · 13:06 UTC
Instead, Chancellor Olaf Scholz's government will rely on money generated from frozen Russian assets, under a financial instrument being created within the G7 and the European Union framework.
Finance Minister Christian Lindner, a member of the coalition partner Liberal party, has emphasized savings in other ministries to adhere to a constitutional rule preventing excessive state debt.
The decision has sparked discussions within the coalition government consisting of Liberals, Greens, and Social Democrats.
Despite ongoing budget negotiations, the finance ministry remains open to considering extra spending for Ukraine on a case-by-case basis.
Ukraine's ambassador to Germany, Oleksii Makeiev, emphasized the role of Germany's political will in ensuring European security.
Allies have been exploring ways to use part of the $300 billion of globally frozen Russian assets to support Kyiv in its conflict with Moscow.