Supplies to Ukraine in the coming year are at risk, sources told the news agency
Kiev is facing a shortage of foreign military assistance next year, as some donors are “struggling to secure funding and others balk at increasing financing,” Bloomberg reported on Friday, citing anonymous sources.
The Ukrainian military overwhelmingly depends on foreign aid for its hardware, with over 80% coming from abroad, according to Defense Minister Rustem Umerov. The bulk of the military assistance in 2025 will come under a $50 billion loan, which G7 nations want to make against the profits from frozen Russian assets, the Bloomberg report said.
The scheme, which Moscow has described as theft, is yet to be finalized and will not be enough to meet Ukraine’s needs, the outlet said. The $50 billion would be roughly equivalent to what the West provided in the first six months of 2024.
In key Western nations, circumstances are working against continued funding for Kiev, the outlet said. In the US, there is the possibility that Donald Trump will be reelected president – the former leader has accused America’s EU allies of not pulling their weight on Ukraine. Germany, France, and Italy are in political turmoil. The UK, one of the staunchest supporters of Kiev, is set to cut spending across the board.
Meanwhile, Russia plans to spend 6.2% of its GDP on defense in 2025, which amounts to around $142 billion. “Russia’s economy is on a war footing, while Ukraine’s allies are not,” Bloomberg said, citing one of its sources.
The warning comes as Ukrainian leader Vladimir Zelensky is touring the US to promote his ‘victory plan’ against Russia. President Joe Biden, who met with Zelensky on Thursday, has authorized the release of $8 billion in Congress-approved aid, days before the end of the fiscal year would have made much of the funds no longer available to his office.
But the White House would neither endorse the ‘victory plan’ nor grant permission for Ukraine to strike targets deep inside Russia with Western-supplied weapons, which Zelensky has been demanding for months.
Reports in the Western media reflect skepticism regarding Zelensky’s plan and growing pressure on him to drop his maximalist goals and redefine what ‘victory’ in the conflict entails.
Read more
September 26, 2024 at 11:15PM
from RT - Daily news
via IFTTT
Kiev’s backers balking at weapons needs – Bloomberg
Reviewed by Unknown
on
September 27, 2024
Rating: 5
No comments