Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

German сhancellor reaffirms support for Ukraine amid the possibility of bilateral aid reduction

Scholz added that a significant portion of funding for Ukraine’s weapons procurement will come through a €50 billion loan as part of the G7 initiative, to be repaid using interest from frozen Russian assets.
Germany plans to halve Ukraine aid in 2025, Reuters reports
German Chancelor Olaf Scholz. Photo: Scholz via X/Twitter
German сhancellor reaffirms support for Ukraine amid the possibility of bilateral aid reduction

German Chancellor Olaf Scholz has responded to recent media reports suggesting potential limitations on further aid to Ukraine, asserting that Berlin will continue its support, particularly through a €50 billion loan as part of the G7 initiative.

In a statement on social media platform X, Scholz emphasized that Germany “has been and remains” the country providing the most substantial aid to Ukraine among European nations.

“We are continuing our support: with a €50 billion loan that we are initiating together with the G7. This will allow Ukraine to purchase weapons on a large scale. They can rely on this,” the Chancellor wrote.

This statement comes in the wake of German media reports over the weekend suggesting that the current federal budget planning did not allocate additional funds for Ukraine support for 2025.

The Ukrainian Ministry of Foreign Affairs has described these reports as inaccurate and manipulative. In Germany, politicians from both the opposition CDU and the coalition, including members of Scholz’s own party, have criticized such an approach to future limited funding for Ukraine’s defense, arguing it could threaten Germany’s security.

The German government has denied intentions to reduce military aid to Ukraine. A government spokesperson stated that they expect international partners to provide Ukraine with a total loan of $50 billion next year, to be repaid using interest from frozen Russian assets.

In a statement, the German Embassy in Ukraine sought to clarify the situation, stating that negotiations are currently underway for the 2025 budget. “One thing is clear: even with the current proposal, Germany remains the country providing the most support in Europe.” The embassy added that by the end of 2024, Germany will provide substantial military support, including ammunition and air defense systems.

The embassy also stated that Germany has already placed orders this year that will be delivered in 2025. This gives industrial companies and Ukraine confidence and ensures that Ukraine will have reliable support in the form of arms deliveries next year as well. €4 billion has already been reserved for this.

Related:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here



    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts