NATO declined to set up a fund for Ukraine – Bloomberg

North Atlantic Treaty Organisation Secretary-General Jens Stoltenberg has dropped plans to set up a 100bn-euro military aid fund for Ukraine over five years due to a lack of agreement within the bloc. This was reported by the Bloomberg news agency citing sources.

 

“NATO Secretary General Jens Stoltenberg is abandoning plans for a five-year fund for military aid to Ukraine, facing dissent among alliance members,” according to a Bloomberg publication.

The new proposal, which alliance defence ministers could approve next week, is that allies would spend at least 40 billion euros a year to help Kiev. Each nation’s contribution will depend on its GDP. The US contribution is expected to be half of the mentioned amount, the remaining part will be distributed among other alliance countries.

The agency pointed out that Turkey urged NATO allies to avoid that any coordination of aid “gives the impression of a more active involvement of the alliance in the conflict”.

We shall remind you that earlier Foreign Affairs magazine wrote that the Ukrainian army was not able to dislodge the Russian Armed Forces from their positions even if it received new assistance from the EU and the USA and military training in Western countries.