NATO calls on allies to invest 100 billion euros in new Ukraine fund

NATO calls on allies to invest 100 billion euros in new Ukraine fund
NATO calls on allies to invest 100 billion euros in new Ukraine fund
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EPA
NATO Secretary General Stoltenberg gives a press conference at the start of the NATO summit

NOS Newstoday, 1:31 PMAmended today, 4:10 PM

NATO calls on the 32 allies to set up a fund of 100 billion euros to support Ukraine. Ministers from various countries in the alliance confirmed this. This fund could be used to pay for weapons for Ukraine, under NATO coordination.

It remains to be seen whether the fund will actually be created. There is disagreement among NATO countries about the proposal.

The call for setting up a fund of that size is unique in the history of the military alliance, say involved diplomats in Brussels. Stoltenberg wanted the plan for a fund of 100 billion euros not yet confirmed at the start of the NATO summit today. He did say that NATO countries will discuss an agreement to increase support to Ukraine.

Ukraine needs more money, Stoltenberg said. With more support for Ukraine, NATO countries would send a signal to Russia that the country cannot win the war against Ukraine.

Russia responded on the first day of the NATO summit that the alliance is back in the Cold War mindset. NATO has no place in a “multipolar world,” a Foreign Ministry spokesperson said. In Russia’s eyes, the US has far too much power; in a ‘multipolar world’ that power should be better distributed.

The article is in Dutch

Tags: NATO calls allies invest billion euros Ukraine fund

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