Stoltenberg proposes $100 billion five-year aid fund for Ukraine — report

NATO Secretary General Jens Stoltenberg
NATO Secretary General Jens Stoltenberg

NATO Secretary General Jens Stoltenberg has proposed that allies establish a five-year $100 billion Ukraine aid fund—something that could be finalized at the July NATO summit in Washington, Bloomberg reported on April 2.

According to unnamed sources familiar with the discussions, NATO members are still considering Stoltenberg's proposal and the mechanisms for the distribution of financial contributions, including the possibility of counting bilateral aid to Ukraine as part of the total amount.

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The sources believe that this proposal is likely to change before the allies reach an agreement.

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As part of the package, NATO may assume operational duties currently carried out by the United States in the Ukraine Defense Contact Group, coordinating weapons supplies to Ukraine from over 50 countries.

This step could ensure the stability of this structure against potential political changes after the U.S. presidential elections in November.

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If the allies support Stoltenberg's proposal, it would mean a change in NATO's strategy, which has previously kept its distance from collective action to avoid potential entanglement in the Russo-Ukrainian war.

The landmark 75th annual NATO summit will take place on July 9-11 in Washington. U.S. Secretary of State Antony Blinken recently said that the summit aims to develop a clear roadmap for Ukraine’s membership in the alliance.

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