5.5 C
London
Tuesday, December 3, 2024
HomeNewsGerman President Rejects Cuts to Military Aid for Ukraine

German President Rejects Cuts to Military Aid for Ukraine

Date:

Related stories

Gazprom Maintains Stable Gas Deliveries to Europe, Sending 42.3 Million m³ on Monday

Brussels, October 14 (FinanceFlashNews.com) – Gazprom, Russia’s gas producer,...

Markets Anticipate Faster ECB Rate Cuts as Eurozone Inflation Falls

Frankfurt, October 14 (FinanceFlashNews.com) – Financial markets are predicting...

Tax Hike in France Will Hurt Investments, Warns Stellantis CEO

Paris, October 14 (FinanceFlashNews.com) – The French government's plan...

Finland’s Inflation Drops to Lowest Level in Nearly Four Years

Helsinki, October 14 (FinanceFlashNews.com) – Year-on-year inflation in Finland...

Moody’s Downgrades Belgium’s Credit Outlook to Negative

Brussels, October 13 (FinanceFlashNews.com) – Moody's Ratings downgraded Belgium’s...
  • German President Frank-Walter Steinmeier rejected the idea of reducing financial resources allocated in the state budget for military support to Ukraine.
  • Germany provides the largest aid to Ukraine within Europe and has consistently justified its support to the public.
  • During a visit to Sopron, Hungary, Steinmeier emphasized that Germany should remain the largest supporter of Ukraine in Europe.
  • Finance Minister Christian Lindner had previously suggested that new commitments to military aid could only be made if funding is secured in future budget plans.
  • Germany has allocated EUR 7.5 billion for military aid to Ukraine this year, with the 2025 budget proposal planning for EUR 4 billion.

Sopron, August 19 (FFN)German President Frank-Walter Steinmeier on Monday firmly rejected any reductions in the financial resources allocated in the state budget for military support to Ukraine, according to a report by DPA.

During his visit to the Hungarian city of Sopron, Steinmeier reiterated Germany’s position as the largest provider of aid to Ukraine in Europe, which has been under attack by Russia. “And therefore, I expect that Germany will remain a large, indeed the largest, supporter of Ukraine in Europe,” Steinmeier emphasized.

Earlier, German Finance Minister Christian Lindner had written to the Ministries of Defense and Foreign Affairs, stating that new commitments related to military support for Ukraine could only be made if funding was secured in the budget plans for the current and coming years.

This year, Germany has allocated EUR 7.5 billion for military aid to Ukraine, while the budget proposal for 2025 includes EUR 4 billion for this purpose.


Financial Allocations for Military Aid to Ukraine

YearAllocated Budget
2023EUR 7.5 billion
2025 (Proposed)EUR 4 billion
Financeflashnewshttps://financeflashnews.com
This article was written by the editorial team of Financeflashnews. We strive to provide you with accurate and up-to-date information from the world of finance and investment. If you find any errors in the article, please let us know at corrections@financeflashnews.com. Your feedback is valuable to us and will help us improve the quality of our content.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories