NATO proposes to create a five-year, $100bn fund for Ukraine

NATO Secretary General Jens Stoltenberg is proposing to create a $100 billion fund of allied contributions over five years for Ukraine as part of a package to be signed by the leaders of the Alliance at the summit in Washington.

Bloomberg has learned this from sources.

According to the agency's source, NATO members are still discussing Stoltenberg's proposal and the mechanisms for distributing contributions, in particular, whether to include bilateral assistance to Ukraine in the total amount.

Sources suggest that the proposal is likely to change before the allies reach an agreement.

Author - Olena Madiak, 02/04/2024