Germany has decided to freeze additional financial support for Ukraine in order to save money - mass media

Germany has decided to freeze additional financial support for Ukraine in order to save money - mass media

Kyiv  •  UNN

August 17 2024, 11:15 AM  •  16176 views

The German government will not provide additional financial support to Ukraine due to the lack of funds in the budget. Previously planned payments and arms transfers will continue, but new applications will not be approved.

According to the Frankfurter Allgemeine Zeitung, the German federal government will not provide Ukraine with any additional financial support in the near future. This is due to the fact that the current budget planning does not include money that could be transferred to Kyiv, UNN reports with reference to Bild.

Details

According to FAZ, the ruling "traffic light" coalition stops the payments primarily on the initiative of Finance Minister Christian Lindner: in a letter dated August 5, he allegedly asked Defense Minister Borys Pistorius to stop allocating money to Ukraine and ensure that "the upper limits" of budget expenditures are "respected.

However, all previously agreed upon payments should be made to Kyiv, including the weapons that Germany has promised to transfer to Ukraine. In 2024, Berlin is to allocate eight billion euros to support Ukraine; the planned maximum limit for 2025 is exactly half that, at four billion euros. It has already been planned, and additional requests from the German Defense Ministry will no longer be granted at the request of Chancellor Olaf Scholz, FAZ adds.

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"...Olaf Scholz and his government are freezing financial and, therefore, military support for Ukraine," CDU MP Ingo Gedehns told BILD.

At the same time, the German government is working together with the G7 countries to open a financing instrument for Ukraine through the use of Russian assets.

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