NATO is considering setting up a $100 billion fund to supply Ukraine with weapons. According to Europe correspondent Stefan de Vries, the fund is not only intended to take over part of the so-called Ramstein group, ‘but also to cover NATO against a reduction in American support when Donald Trump returns to the White House’.
NATO considers setting up a 100 billion Ukraine fund
4 min 34 sec
An amount of 100 billion for 5 years, which means an annual amount of 20 billion, is on the horizon for Ukraine. According to De Vries, it is an amount that the 32 member states should be able to raise. According to Brussels diplomats, this prepares for a possible return of Donald Trump to the White House after the American elections in November.
Future of NATO uncertain
Trump has made no secret of the fact that he will then turn off the money tap to Ukraine and NATO. ‘There is that fear, because it also makes the future of NATO uncertain. So that fund is being proposed today, it’s being discussed.’
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NATO foreign ministers are meeting today to discuss the plan: how to guarantee long-term military support to Ukraine and make support for Kyiv ‘Trump-proof’. NATO Secretary General Jens Stoltenberg’s proposals would give the Western alliance a more direct role in coordinating the supply of weapons, ammunition and equipment to Ukraine, diplomats say.
