________
NATO Chief Floats Establishing $100 Billion Fund for Ukraine
The idea is to lock in long-term support for Ukraine amid uncertainty around US aid
by Dave DeCamp | April 2, 2024
NATO Secretary-General Jens Stoltenberg will propose establishing a $100 billion five-year fund for Ukraine when the alliance's foreign ministers meet on Wednesday, multiple media outlets reported on Tuesday.
The idea is to lock in long-term support for Ukraine amid uncertainty around US aid to Ukraine as the $60 billion President Biden is seeking for the proxy still hasn’t been authorized by Congress.
The plan is also meant to prevent any future US president from withdrawing support from Ukraine. Financial Times described it as "Trump-proofing" the proxy war as the former president has expressed opposition to the conflict, although he recently floated the idea of providing Ukraine with loans.
POLITICO reported that one idea would involve the 32 members of the alliance contributing to the $100 billion fund at the same rate they contribute to the alliance's budget. That would put most of the burden on the US since Washington pays for about two-thirds of NATO's budget.
The US and its allies are also considering shifting control of a US-led coalition that coordinates arms shipments to Ukraine, known as the Ukraine Defense Contact Group, to NATO. US officials said the purpose of doing so is to ensure weapons continue to flow to Ukraine during a second Trump term.
The reports said that Stoltenberg is hoping to get the plans worked out before NATO leaders hold a summit in Washington this July, but it could face resistance from members who oppose the proxy war, such as Hungary and Slovakia.
Please go to AntiWar to continue reading.
________
US aid to Ukraine will probably go through:
What is the US corporation's answer to this?
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.