In August-October 2023, the amount of newly declared aid to Ukraine from Western countries fell to a historically low level.
This aid has fallen by almost 90%. compared to the same period in 2022 – this is according to a study conducted by the Kiel Institute of the World Economy. In the period August to October 2023, the total value of new aid packages amounted to 2.11 billion euros, making it the lowest since January 2022.
According to the Institute, the most active countries in terms of aid to Kiev are Germany, Finland, Ireland, Croatia, Lithuania, Luxembourg, the Netherlands, Norway, Sweden and Switzerland, as well as Canada and the United Kingdom.
The United States remains the largest supplier of military aid, with a total value of 44 billion euros. However, Germany is quickly catching up on its military obligations, which total more than 17 billion euros.
Of the total amount of 25 billion euros allocated to heavy weapons (January 2022 – October 2023), 43% of expenditure was incurred by the United States, and 47 percent by all countries and institutions of the European Union combined.
The US does not agree to extra billions for Ukraine
President Joe Biden’s administration has asked Congress to allocate $111 billion in aid to Ukraine, Israel and Taiwan and boost security at the U.S. southern border, which is under pressure from African and Asian migrants. The largest part of the package would be spent on aid to Ukraine – more than PLN 60 billion.
The bill did not receive enough majority in the Senate to move forward. All Republicans voted against. As they claim, the reason is that the failure to include in the package the issue of protecting the US border from crowds of foreigners. The procedure has been going on for many months and according to the Republican party there has been no response from Washington.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
