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| Germany to bankroll Ukraine's military for years – media | |
| (about 5 hours later) | |
| Berlin will provide $5.5 billion per annum, a report from Ukraine has revealed | |
| Germany will provide Ukraine with $5.5 billion in annual military aid, Forbes Ukraine reported on Monday, citing German Finance Minister Christian Lindner. | Germany will provide Ukraine with $5.5 billion in annual military aid, Forbes Ukraine reported on Monday, citing German Finance Minister Christian Lindner. |
| During his first official visit to Kiev since the start of the military conflict, the official revealed that Berlin will bankroll €5 billion ($5.45 billion) per year to the country until at least 2027, the outlet said. | During his first official visit to Kiev since the start of the military conflict, the official revealed that Berlin will bankroll €5 billion ($5.45 billion) per year to the country until at least 2027, the outlet said. |
| Sealing the funding program, Ukraine’s Finance Minister Sergey Marchenko and Lindner signed a memorandum of cooperation between Kiev and Berlin, aimed at boosting the Ukrainian budget in the next few years. | Sealing the funding program, Ukraine’s Finance Minister Sergey Marchenko and Lindner signed a memorandum of cooperation between Kiev and Berlin, aimed at boosting the Ukrainian budget in the next few years. |
| The decision has yet to be approved by the German Parliament, Lindner said, during a joint press conference with Ukrainian Finance Minister Sergey Marchenko. | The decision has yet to be approved by the German Parliament, Lindner said, during a joint press conference with Ukrainian Finance Minister Sergey Marchenko. |
| Under the agreement, Germany is also expected to provide advisory assistance to Kiev in customs policy, financial-market monitoring, state investment management, and the privatization of state enterprises. | Under the agreement, Germany is also expected to provide advisory assistance to Kiev in customs policy, financial-market monitoring, state investment management, and the privatization of state enterprises. |
| Berlin will support Kiev “as much as needed,” the politician affirmed, adding that his country has already injected €22 billion ($24 billion) in financial backing into Ukraine, including €12 billion worth of military aid. | Berlin will support Kiev “as much as needed,” the politician affirmed, adding that his country has already injected €22 billion ($24 billion) in financial backing into Ukraine, including €12 billion worth of military aid. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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