logo
#

Latest news with #JörgKukies

Germany approves additional €3bn for Ukraine this year, Reuters says
Germany approves additional €3bn for Ukraine this year, Reuters says

Yahoo

time19-03-2025

  • Business
  • Yahoo

Germany approves additional €3bn for Ukraine this year, Reuters says

The German government under Olaf Scholz has allocated an additional €3 billion in military aid to Ukraine for 2025. Source: Reuters, as reported by European Pravda Details: German Finance Minister Jörg Kukies informed the parliament's budget committee in a letter, quoted by Reuters, that the requirements for allocating additional funds for Ukraine had been met. In the letter, the German Finance Ministry approved additional spending of €2.547 billion for 2025. Including other expenditures, such as reimbursements from the European Peace Facility, Germany's total allocation will amount to €3 billion. Kukies' letter states that Germany will commit €8.252 billion in military aid to Ukraine from 2026 to 2029. This brings the total increase in assistance to over €11 billion. The budget committee is expected to approve the allocation on Friday 21 March, provided that the Bundesrat's upper house passes the reform allowing multi-billion-euro investments. Background: On Tuesday 18 March, the Bundestag, the German parliament's lower house, approved a fundamental change in fiscal rules aimed at increasing military spending and boosting economic growth. Support Ukrainska Pravda on Patreon!

Germany to Provide €3 Billion in Military Aid to Ukraine
Germany to Provide €3 Billion in Military Aid to Ukraine

See - Sada Elbalad

time19-03-2025

  • Business
  • See - Sada Elbalad

Germany to Provide €3 Billion in Military Aid to Ukraine

Israa Farhan Germany is set to deliver an additional €3 billion ($3.3 billion) in military aid to Ukraine, according to a draft document from the German Finance Ministry. Finance Minister Jörg Kukies informed the parliamentary budget committee about the decision, which comes amid ongoing discussions about Germany's role in supporting Ukraine against Russia's invasion. This marks a breakthrough after previous delays by Chancellor Olaf Scholz, who had blocked additional aid while insisting on easing borrowing rules as a prerequisite. The German parliament voted on Tuesday to implement a major reform of financial regulations, paving the way for the aid package. Since the start of the war in February 2022, Germany has become one of Ukraine's key military supporters, providing advanced weaponry, including Leopard 2 tanks, IRIS-T air defense systems, and artillery. However, Berlin has faced criticism, both domestically and internationally, for being slow in delivering crucial aid compared to other Western allies like the United States and the United Kingdom. The latest financial commitment comes as Ukraine continues to request more military assistance, particularly in air defense and ammunition, to counter intensified Russian offensives. With Germany's new aid package, total German military support for Ukraine is expected to exceed €10 billion by the end of the year. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) News Ireland Replaces Former Israeli Embassy with Palestinian Museum News Israeli PM Diagnosed with Stage 3 Prostate Cancer Lifestyle Maguy Farah Reveals 2025 Expectations for Pisces News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store