NATO Proposes $100 Billion, Five-Year Fund to Aid Ukraine

  • Proposal still needs approval from alliance’s 32 members
  • NATO also proposing to coordinate weapons aid to Kyiv
WATCH: NATO’s Secretary General is proposing to establish a fund of allied contributions worth $100 billion over five years for Ukraine. Rosalind Mathieson reports.Source: Bloomberg
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NATO Secretary General Jens Stoltenberg is proposing to establish a fund of allied contributions worth $100 billion over five years for Ukraine as part of a package for alliance leaders to sign off when they gather in Washington in July.

Allies are still discussing Stoltenberg’s proposal and any mechanics of the accounting, including whether to factor in bilateral aid to Ukraine into the overall sum, according to people familiar with the discussions.