German budget committee gives green light for 3 billion euros in Ukraine aid
BERLIN (Reuters) - Germany's budget committee cleared the way on Friday for another 3 billion euros ($3.25 billion) in military aid for Ukraine, after chancellor-in-waiting Friedrich Merz pushed through reforms to ramp up investment in defence.
Both houses of parliament passed plans this week by Merz's conservatives and the Social Democrats, who are in talks to form the next German government, that lift a long-held cap on debt.
The move to shore up support for Ukraine was earlier reported by Reuters and confirmed in a statement by Foreign Minister Annalena Baerbock in Chancellor Olaf Scholz's outgoing coalition government.
The 3 billion euros include 2.547 billion earmarked by the finance ministry for Ukraine this year, topped up by other contributions, including a reimbursement from the European Peace Facility.
The finance ministry also plans to authorise commitments of 8.252 billion euros for military aid to Ukraine for the years 2026 to 2029, bringing the total to more than 11 billion euros.
It was "high time" for the parliamentary committee to clear the use of the funds and Germany was now setting the pace for Europe's support of Ukraine, Foreign Minister Baerbock said in a statement.
"Ukraine's military situation has become increasingly difficult over the last few months," she added.
European Union countries, whose leaders met to discuss Ukraine aid this week, are under increasing pressure to show their commitment to Ukraine in its war with Russia as uncertainty grows about the future of U.S. security guarantees under President Donald Trump.
($1 = 0.9232 euros)
(Writing by Rachel More and Ludwig Burger, Editing by Friederike Heine and Susan Fenton)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

USA Today
a few seconds ago
- USA Today
'Blatant deception': Hamas rejects Israel's Gaza relocation plan
CAIRO, Aug 17 (Reuters) - Palestinian militant group Hamas said on Sunday that Israel's plan to relocate residents from Gaza City constitutes a "new wave of genocide and displacement" for hundreds of thousands of residents in the area. The group said the planned deployment of tents and other shelter equipment by Israel into southern Gaza was a "blatant deception". The Israeli military has said it is preparing to provide tents and other equipment starting from Sunday ahead of its plan to relocate residents from combat zones to the south of the enclave "to ensure their safety". Hamas said in a statement that the deployment of tents under the guise of humanitarian purposes is a blatant deception intended to "cover up a brutal crime that the occupation forces prepare to execute". More: Israelis stage nationwide protests to demand end to Gaza war and release of hostages Israel said earlier this month that it intended to launch a new offensive to seize control of northern Gaza City, the enclave's largest urban centre. The plan has raised international alarm over the fate of the demolished strip, which is home to about 2.2 million people. The war began when Hamas attacked southern Israel on October 7, 2023, killing 1,200 people and taking 251 hostages, according to Israeli authorities. About 20 of the remaining 50 hostages in Gaza are believed to be still alive. Israel's subsequent military assault against Hamas has killed over 61,000 Palestinians, Gaza's health ministry says. It has also caused a hunger crisis, internally displaced most of Gaza's population and left much of the enclave in ruins. (Reporting by Nidal Al-Mughrabi; Writing by Menna Alaa El-Din;Editing by Tomasz Janowski and Sharon Singleton)

Wall Street Journal
a minute ago
- Wall Street Journal
European Trade Takes Fresh Tariff Hit as U.S. Exports Slump
European exports to the U.S. continue to slow sharply, underscoring the drag the continent's trade faces from President Trump's trade tariffs. Exports to the U.S. from the 27 nations that make up the European Union dropped 10% on year in June to hit their lowest level since the end of 2023, at a little over 40 billion euros ($46.8 billion,) according to figures released Monday by statistics agency Eurostat. The bloc's overall trade surplus shrank to just 1.8 billion euros, down from 12.7 billion euros a month earlier.

Epoch Times
12 minutes ago
- Epoch Times
Trump to Host High-Stakes Meetings With Zelenskyy, European Leaders
WASHINGTON—President Donald Trump will welcome Ukrainian President Volodymyr Zelenskyy and European leaders to the White House on Monday to explore paths to end Russia's war in Ukraine. The leaders are expected to discuss thorny issues, including Russian President Vladimir Putin's refusal to agree to a cease-fire, his territorial demands, and potential security guarantees for Kyiv after the war. UK Prime Minister Keir Starmer, French President Emmanuel Macron, German Chancellor Friedrich Merz, Italian Prime Minister Giorgia Meloni, Finnish President Alexander Stubb, and NATO Secretary-General Mark Rutte announced that they will be attending the White House meeting.