Estonia Commits €1.2 Billion to Support Ukraine Through 2027

by Roman Cheplyk
Thursday, January 11, 2024
Estonia Commits €1.2 Billion to Support Ukraine Through 2027

Estonia has pledged long-term financial support to Ukraine until 2027, totaling €1.2 billion

This commitment was announced by Estonian President Alar Karis, who also mentioned potential plans for Ukraine's reconstruction utilizing frozen Russian assets.

Karis emphasized the need for ongoing support and highlighted Estonia's substantial contribution since the beginning of the full-scale war. He stressed the importance of reinforcing sanctions against Russia to ensure they are effective and cannot be bypassed. Karis believes in isolating the aggressor and affirmed that Estonia will continue supporting Ukraine for as long as necessary.

Military Aid from Estonia: Estonia has committed to allocate 0.25% of its defense budget annually to Ukraine from 2024 to 2027. President Karis urged other countries to follow Estonia's example and provide as much aid as possible until Russia ceases its military aggression. He underscored the necessity for Ukraine to receive more and better weapons, and for the EU to ramp up military production to deter any future aggressive actions in Europe.

Utilization of Frozen Russian Assets: Estonia is also considering specific plans regarding the use of frozen Russian assets. Karis suggested that it would be fair to employ these assets for Ukraine's reconstruction and is currently discussing with allies how this can be implemented. The President asserted that the aggressor should bear the financial burden of rebuilding Ukraine.

Furthermore, Karis emphasized Estonia's goal of welcoming Ukraine into the European Union and NATO, acknowledging that peace in Europe requires long-term investments and commitments.

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