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NATO Proposes $100 Billion, Five-Year Fund to Aid Ukraine (www.bloomberg.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] NIB 15 points 7 months ago* (last edited 7 months ago) (3 children)

That's 20 billion per year. The EU's alone defense spending for 2023 was 270bil. This is not a lot of money.

[–] [email protected] 17 points 7 months ago (1 children)

The EU has no defense budget, the member countries have.

[–] NIB 0 points 7 months ago

Obviously.

[–] [email protected] 10 points 7 months ago* (last edited 7 months ago)

Yeah, this is less the cavalry is here and more "we've committed 3 peanuts, which is better than no peanuts". It's probably enough to help Ukraine a bit, assuming they can agree to it and fund it as committed.

It's unclear if this is humanitarian, non-lethal or general military aid, from the non-paywalled section of the article.

[–] InformalTrifle 1 points 7 months ago

I get your point about how it compares relatively. But I beg to differ that $100 billion is not a lot of money