AGL 38.99 Increased By ▲ 0.97 (2.55%)
AIRLINK 207.35 Increased By ▲ 9.99 (5.06%)
BOP 9.60 Increased By ▲ 0.06 (0.63%)
CNERGY 6.03 Increased By ▲ 0.12 (2.03%)
DCL 8.95 Increased By ▲ 0.13 (1.47%)
DFML 36.92 Increased By ▲ 1.18 (3.3%)
DGKC 96.95 Increased By ▲ 0.09 (0.09%)
FCCL 35.68 Increased By ▲ 0.43 (1.22%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.48 Increased By ▲ 0.31 (2.35%)
HUBC 127.40 Decreased By ▼ -0.15 (-0.12%)
HUMNL 13.85 Increased By ▲ 0.35 (2.59%)
KEL 5.41 Increased By ▲ 0.09 (1.69%)
KOSM 7.09 Increased By ▲ 0.09 (1.29%)
MLCF 44.99 Increased By ▲ 0.29 (0.65%)
NBP 60.90 Decreased By ▼ -0.52 (-0.85%)
OGDC 217.15 Increased By ▲ 2.48 (1.16%)
PAEL 40.82 Increased By ▲ 2.03 (5.23%)
PIBTL 8.31 Increased By ▲ 0.06 (0.73%)
PPL 194.45 Increased By ▲ 1.37 (0.71%)
PRL 39.32 Increased By ▲ 0.66 (1.71%)
PTC 26.69 Increased By ▲ 0.89 (3.45%)
SEARL 108.40 Increased By ▲ 4.80 (4.63%)
TELE 8.40 Increased By ▲ 0.10 (1.2%)
TOMCL 35.75 Increased By ▲ 0.75 (2.14%)
TPLP 13.48 Increased By ▲ 0.18 (1.35%)
TREET 23.39 Increased By ▲ 1.23 (5.55%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 32.90 Decreased By ▼ -0.07 (-0.21%)
WTL 1.68 Increased By ▲ 0.08 (5%)
BR100 11,931 Increased By 204.9 (1.75%)
BR30 36,892 Increased By 515.2 (1.42%)
KSE100 111,996 Increased By 2482.5 (2.27%)
KSE30 35,270 Increased By 756.7 (2.19%)

BERLIN: Germany agreed on Wednesday to give billions of euros of new military aid to Ukraine in the coming years to bolster Kyiv’s fight back against Russia.

Berlin has shifted away from a traditionally pacifist stance since Moscow sent its forces into Ukraine last year, becoming one of Kyiv’s biggest military backers.

Parliament’s budget committee gave the green light for about eight billion euros ($8.7 billion) to be spent on directly purchasing weapons and equipment for Ukraine.

Around 12 billion euros in total will be released related to the Ukraine conflict over the next decade or so.

Spain to send six Leopard tanks to Ukraine after Easter

The other four billion will go to the German military to replenish stocks.

The Bundeswehr was already underfunded before the Ukraine war, and the situation has worsened as Berlin rushes cutting-edge gear to Kyiv.

The news represents a “very important step with which we make it clear that we are supporting Ukraine in the long term in its fight against (Russian President Vladimir) Putin,” said German Defence Minister Boris Pistorius.

The agreement will allow supplies including armoured vehicles, tanks, and ammunition to be delivered to Ukraine in the coming years, according to a statement from the minister.

The German army will also be able to buy new equipment.

Critics say the Bundeswehr has suffered from years of neglect and underinvestment, a product of the country’s deep-rooted post-war guilt.

After the Russian invasion of Ukraine, Chancellor Olaf Scholz pledged a major funding boost for the military.

But progress has been slow – none of a special 100 billion euro fund earmarked for the overhaul has yet been spent, it emerged earlier this month.

A senior lawmaker tasked with scrutinising the armed forces meanwhile said they were lacking in everything, with soldiers living in “pitiful” barracks.

This week, Scholz confirmed that promised Leopard battle tanks had been delivered to Kyiv.

Comments

Comments are closed.