<
https://www.theguardian.com/world/2024/dec/07/europe-may-have-to-double-its-aid-for-ukraine-under-trump-diplomats-fear>
"European military aid to Ukraine may eventually need to be doubled if Donald
Trump cuts off US funding, European diplomats fear, but Ukraine is confident
with already announced US aid this year that it has the military and budgetary
support to keep fighting through 2025.
The former EU foreign affairs chief, Josep Borrell, has also recommended a
step-change in Ukraine’s domestic arms manufacturing during 2025, believing it
the cheapest and most efficient way for Ukraine to keep fighting.
European officials are meanwhile confident that Ukraine will receive a $50bn
(£39bn) loan repaid from the interest earned on frozen Russian assets of $280bn
that was announced in October by G7 countries.
The US is expected to cover $20bn of the loan with the first US tranche to be
paid before Donald Trump takes office, but it is not clear if the
president-elect could later legally pull out of the arrangement in an attempt
to force Ukraine to the negotiating table.
Officials from the EU believe that, even in this situation, they could agree to
make up most of the shortfall.
Europe has provided €46bn in military aid to Ukraine since the Russian invasion
and the US approximately €65bn. This is separate from aid to help fund
Ukraine’s debt."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
