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Germany set to double Ukraine military aid (www.reuters.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 1 year ago (1 children)

This doesn't appear to be anything official, right? not certain how much a coalition publicly agreeing to this translates to actual funding for Ukraine. Would also be nice to see how this funding stacks vs the US, and vs other EU country contributions.

[–] [email protected] 19 points 1 year ago* (last edited 1 year ago) (2 children)

It's officially agreed upon by all coalition members, but the finalizing of 2024's budget where they officially introduce that change is only scheduled for next week.

Also just the original 4 billion € for next year is more than all other countries with the exception of US and UK have spend this whole war...

[–] [email protected] 5 points 1 year ago

Bad ass for Germany and Ukraine. hope things go well.thanks for the context

[–] [email protected] 5 points 1 year ago* (last edited 1 year ago) (1 children)

That's just military aid though. In all, the EU has almost spent €85 billion to support Ukrainians.

https://ec.europa.eu/commission/presscorner/api/files/attachment/876709/Factsheet_EU_Solidarity_with_Ukraine_EN.pdf.pdf

For comparison, Russia is expected to have tripled their national military budget by 80 to €120 billion per year, or an increase of around 4% GDP. If the EU spends €60 billion /year on aid, that would mean around 0,4% of their GDP.

[–] [email protected] 4 points 1 year ago

Aka Russia has a GDP comparable to Italy