NATO Secretary General Jens Stoltenberg is scrapping plans to set up a $100 billion fund to aid Ukraine over five years after facing rejection from alliance members, Bloomberg reported on June 7 citing people familiar with the matter.
Stoltenberg’s new proposal reportedly suggests that allies spend at least 40 billion euros ($43 billion) per year on lethal and non-lethal aid for Kyiv.
This would match the average annual contributions since the beginning of Russia’s full-scale invasion, Bloomberg‘s sources said.
NATO will reportedly determine the sums of donations for each country based on a percentage of their gross domestic product. The U.S. is expected to contribute about a half of the assistance, according to Bloomberg.
Stoltenberg’s new plan does not include new…
