November 22, 2024
German Finance Ministry Responds to Reports of No New Aid for Ukraine in 2025 #NewsGerman

German Finance Ministry Responds to Reports of No New Aid for Ukraine in 2025 #NewsGerman

CashNews.co

The German Ministry of Finance commented on media reports that Berlin does not plan to allocate aid to Ukraine next year.

According to the response from the German Ministry to a query from Suspilne, the German Ministry of Finance indicated that bilateral aid from Germany in the future will be partially shifted to international programs. This includes, in particular, the decision by G7 countries to allocate $50 billion in loans to Ukraine using frozen Russian assets.

The comment also noted that the German government supports Ukraine in financing and equipping military equipment to a degree unmatched by any other European partner. This goal is supported by the “Modernization” article in the federal budget for 2024, as well as targeted allocations for the following years.

“The Federal Ministry of Finance is prepared to consider the possibility of short-term additional funds until then. However, additional needs must be clearly defined and understood to comply with all budgetary rules, allowing a request to be made to the Bundestag for approval,” the Ministry emphasized.

The press office of the German Ministry added that no specific requests have yet been received.

“Therefore, neither consideration nor decisions can be made,” the German Ministry concluded.

Earlier, Frankfurter Allgemeine Sonntagszeitung reported that the current budget planning of the German federal government does not foresee new funds for supporting Ukraine.

Additional requests from the German Ministry of Defense for military aid to Ukraine will no longer be approved as per Chancellor Olaf Scholz’s directive.