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Ukraine secures $60 bln annually in military pledges

Ukraine secures $60 bln annually in military pledges from international partners

17:59, 28.06.2024
  mz/mw;   TVP World, PAP, Reuters
Ukraine secures $60 bln annually in military pledges from international partners Ukrainian Prime Minister Denys Shmyhal announced on Friday that Ukraine has secured military pledges amounting to $60 billion annually over the next four years, as outlined in 20 security agreements with international partners.

Ukrainian Prime Minister Denys Shmyhal announced on Friday that Ukraine has secured military pledges amounting to $60 billion annually over the next four years, as outlined in 20 security agreements with international partners.

Prime Minister of Ukraine Denys Shmyhal Photo by Yevhenii Zavhorodnii/Global Images Ukraine via Getty Images
Prime Minister of Ukraine Denys Shmyhal Photo by Yevhenii Zavhorodnii/Global Images Ukraine via Getty Images

Podziel się:   Więcej
Amidst a 28-month-long full-scale invasion by Russia, Kyiv's defense efforts heavily depend on this international military support.

These agreements, including significant commitments from the European Union and the United States, not only cover long-term military and other forms of assistance but also ensure immediate consultations to determine the next steps should Russia launch another attack after the current conflict concludes.

"According to these agreements, in the next four years, our partners plan to provide Ukraine with total military support worth $60 billion annually," Shmyhal said during a government meeting, though he did not detail the specific sources of the funding.

Notably, Ukraine and the U.S. have signed an agreement granting Kyiv nearly $7.9 billion in financial support this year. Additionally, Ukraine has an agreement with the EU to raise funds through the Ukraine Facility over the next four years.

Shmyhal also mentioned an upcoming meeting of the International Monetary Fund's Board of Directors, where Ukraine anticipates receiving $2.2 billion. He highlighted that Ukraine has successfully completed four reviews under a single IMF program for the first time in history.
źródło: TVP World, PAP, Reuters