Additionally, Kyiv is expected to receive a $50 billion loan from the G7, which will be financed through profits generated from the frozen assets of the Central Bank of the Russian Federation.
Key Highlights:
Budget Allocation: The German government has earmarked €4 billion for bilateral military support to Ukraine in its 2025 budget. This funding is part of Germany's ongoing commitment to aid Ukraine in its defense against Russian aggression.
G7 Loan Package: Beyond Germany's direct contributions, the G7 nations have collectively agreed to provide Ukraine with a $50 billion loan. The funds for this loan will be sourced from profits derived from the frozen assets of Russia's Central Bank, a mechanism agreed upon during the G7 summit in Italy in June 2024.
Rapid Implementation: Scholz emphasized the urgency of launching this financial support mechanism, noting that all involved parties, including the European Commission and other G7 members, are working intensively to finalize the technical requirements.
Continued Support: Despite recent doubts cast on Germany's commitment to Ukraine, Scholz reaffirmed Berlin's dedication to providing ongoing financial, economic, political, and military support to Kyiv for as long as necessary. He highlighted Germany's role as the largest aid provider in Europe, with intentions to maintain this position.
Weapons Transfer: When questioned about the possibility of Germany supplying new types of weapons to Ukraine, such as long-range missiles, Scholz stated that there are currently no new decisions on this matter.
Scholz's statements underscore Germany's resolve to continue its robust support for Ukraine in the face of ongoing challenges, ensuring both immediate military assistance and long-term financial stability for the country.
