BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)
World

Germany plans hike in military aid for Ukraine

Published Updated
By

BERLIN: Germany is planning to boost its military aid spending for Ukraine, a member of the parliamentary budget committee told AFP on Tuesday.

Some 12 billion euros ($12.9 billion) more in spending is due to be approved by the committee, with the funds to go towards military help for Kyiv as well as replenishing stocks of equipment already sent to Ukraine.

The Germany army, or Bundeswehr, will be able to begin spending the cash this year, with further funds also earmarked for the coming years.

Zelensky, IAEA chief visit Ukraine’s Zaporizhzhia region

It was unclear how the sum would be allocated as well as the precise time frame covered by the spending.

The sum would dwarf the three billion euros spent so far by Berlin on military aid for Kyiv.

The committee will specifically vote on Wednesday on replenishing stocks of Panzerhaubitze 2000s sent to Ukraine, the source said.

Together with the Netherlands, Germany has sent 14 of the self-propelled howitzers to Ukraine, according to Berlin.

Germany has also sent 18 advanced Leopard tanks and about 40 Marder infantry fighting vehicles to Ukraine, as well as an air defence system.

The finance ministry called the extra spending “objectively indispensable” in a letter asking the budget committee to release the sum, according to Der Spiegel magazine.

Without continued support, there would be “a serious danger that Ukraine would lose its defensive struggle against the Russian aggressor, with unforeseeable consequences for the European peace order”, it said.

Comments

Comments are closed for this article.