NATO Chief Seeks 40 Billion Euros ($43.37 Billion) Per Year for Ukraine Military Aid

May 30, 2024, 02:24 PM

NATO Chief Jens Stoltenberg is urging NATO allies to pledge 40 billion euros per year, equivalent to $43.37 billion, annually to fund military aid for Ukraine. This proposal aims to sustain the current level of support and provide Ukraine with the predictability it needs amidst ongoing conflict. The initiative underscores NATO's commitment to robust support, with Stoltenberg emphasizing that Ukraine can still prevail with continued assistance from NATO allies. NATO is considering doubling its previous plan of allocating 100 billion dollars over five years, according to Handelsblatt.