Germany to Increase Military Aid to Ukraine, Doubles Funding Under Scholz Plan

1 min read
Source: Reuters
Germany to Increase Military Aid to Ukraine, Doubles Funding Under Scholz Plan
Photo: Reuters
TL;DR Summary

Germany's governing coalition, led by Chancellor Olaf Scholz, has agreed to double its military aid for Ukraine to 8 billion euros ($8.54 billion) next year, surpassing the 2% of GDP defense spending target set by NATO. The increase, which still requires approval from the German parliament, was negotiated during discussions over the proposed 2024 federal budget. The European Union's plan to provide up to 20 billion euros ($21.4 billion) in military aid for Ukraine faced resistance from some EU countries.

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