Kuleba on NATO's €100 billion fund: this initiative has zero chances in the current funding model

In the current  financial model , the idea of the NATO Secretary General to create a 100 billion euro fund for Ukraine has zero chances. This was stated by Foreign Minister Dmytro Kuleba during  a conversation with the media following his visit to Brussels, an UNN correspondent reports.

 "I am in favor, we support it. We are ready to give a bank account of the National Bank of Ukraine to which you can transfer. It's a very simple idea, let's raise €100 billion for Ukraine," Kuleba said.

According to him, the idea of the fund is to ensure that the contribution of NATO members to military assistance to Ukraine is evenly divided among them, because now the vast majority of weapons provided are from a small group of NATO countries.

Kuleba also assessed the prospect of approving such a fund and reminded that NATO still cannot raise $500 million a year as part of the Comprehensive Assistance Package.

"That is, in the current funding model, this initiative has zero chances. Because they cannot raise 500 million, and so they will need to raise 20 billion (per year - ed.) in the current model. But if we manage to calculate the formula for the participation of each (NATO member - ed.) in the financing on a mandatory basis, then this idea has the right to exist and a chance to be implemented," Kuleba said.

Addendum

NATO Secretary General Stoltenberg has put up for discussion the issue of creating a fund to make assistance to Ukraine more long-term and reliable - even if US support decreases.

The NATO Secretary General's five-year plan for Ukraine is met with skepticism by German Foreign Minister Annalena Burbock.

At the same time, German Defense Minister Boris Pistorius called NATO's proposal to allocate 100 billion euros for military aid to Ukraine "worth considering.