NATO Secretary General Jens Stoltenberg is proposing to establish a fund of allied contributions worth $100 billion over five years for Ukraine as part of a package for alliance leaders to sign off when they gather in Washington in July.
Yeah, this is less the cavalry is here and more “we’ve committed 3 peanuts, which is better than no peanuts”. It’s probably enough to help Ukraine a bit, assuming they can agree to it and fund it as committed.
It’s unclear if this is humanitarian, non-lethal or general military aid, from the non-paywalled section of the article.
That’s 20 billion per year. The EU’s alone defense spending for 2023 was 270bil. This is not a lot of money.
The EU has no defense budget, the member countries have.
Obviously.
Yeah, this is less the cavalry is here and more “we’ve committed 3 peanuts, which is better than no peanuts”. It’s probably enough to help Ukraine a bit, assuming they can agree to it and fund it as committed.
It’s unclear if this is humanitarian, non-lethal or general military aid, from the non-paywalled section of the article.
I get your point about how it compares relatively. But I beg to differ that $100 billion is not a lot of money