Mainstream media have reported on Germany’s considering not to finance new military aid to Ukraine from the fiscal budget, but that doesn’t mean new military aid will be stopped. “The reports to the effect that we will limit support are simply incorrect,” Cabinet spokesman Wolfgang Büchner told a news briefing. He said Chancellor Olaf Scholz’s pledge that Germany’s support for Ukraine would continue for as long as necessary, remained in force.
However, financing new deliveries will instead be done from interest on seized Russian property, as the last G7 summit in Japan decided. This is claimed to be a revenue of €47 billion from €210 billion in property seized by the EU. Details of that are still to be worked out through the rest of this year. German military aid to Ukraine, already approved in the range of €4.1 billion, will flow as scheduled to the end of this year.
