Donors pledge $1.5 billion more military aid for Ukraine - GulfToday

Donors pledge $1.5 billion more military aid for Ukraine


Morten Bodskov (R) and Dutch Defence Minister Kajsa (L) react after the closing press statement of a donor conference at Christiansborg in Copenhagen on Thursday. AFP

A Ukraine donors' conference in Copenhagen of 26 countries pledged 1.5 billion euros (over $1.5 billion) more aid for training and equipment for Kyiv's forces, the Danish Defence Minister  Morten Bodskov said on Thursday.

"All the participating nations here pledged for support, for training activities, demining activities, some with concrete donations," Morten Bodskov said.

"The 1.5 billion euros ($1.5 billion) was brought to the table today. It's money that will be used in 2022, this year and next year," he said during a news conference.

The exact amount promised by each of the 26 countries including France, Germany and the United States, was not published but Denmark announced a supplementary donation of $114 million for Ukraine, bringing its total support to Kyiv to $417 million.

Britain, which organised the conference with Denmark and Ukraine, promised nearly $300 million.

"Our partners know that we need funding and they articulated readiness to support us financially," Ukrainian Defence Minister Oleksii Reznikov said as he welcomed the money.

"That is a marathon and for a marathon you need energy and frankly speaking, the main energy in this case is money," he added. The donors will meet again next month.

Ukraine expects $3 billion of US financial aid to arrive in August and a further $1.5 billion in September, Finance Minister Sergiy Marchenko said on Thursday.

Marchenko said the payments were part of the $7.5 billion financial aid package agreed by Ukraine and the United States at the start of the summer, and would be used to finance "critical spending" such as healthcare and pension costs. "We will work with concrete productions of new artillery," Bodskov said.

"These are production lines that will be open when we find the finances for them," he added.

The United States announced earlier this week that it would provide $89 million to Ukraine for removing land mines put in place by Russian forces.

Back in May, a donors' conference raised more than six billion euros in Warsaw for Kyiv.

Agence France-Presse

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