NATO Secretary General Jens Stoltenberg proposed on Thursday that NATO allies should contribute to a future financial support fund for Ukraine based on their Gross Domestic Product (GDP). He suggested that the United States cover 50% of the 40 billion euros initiative, with the remaining 50% to be contributed by European partners and Canada.
A meeting of allied defense ministers in Brussels discussed Stoltenberg’s proposal for a financial fund to provide long-term support for Kyiv. The initial proposal of 100 billion euros was reduced to 40 billion euros to be used by 2024. This fund will focus solely on supplying weapons to Ukraine to aid in the conflict.
Stoltenberg emphasized the importance of using national wealth as a criterion for distributing allies’ contributions to the fund, aiming to increase military support for Ukraine in the long run. The idea is to create a structured framework that ensures greater transparency and accountability in military assistance.
The NATO Secretary General hopes that this approach will dissuade Russia from thinking they can achieve victory on the battlefield through attrition. By establishing a more institutionalized system of aid, NATO aims to send a clear message that support for Ukraine is long-term and unwavering.
The European allies have been providing assistance to Ukraine through the European Peace Mechanism, and NATO’s increased role in supervision and control will ensure a stronger commitment to supporting Kyiv. The goal is to expedite the end of the conflict by demonstrating to Putin that victory is unattainable through military means.
