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NATO Proposes $100 Billion, Five-Year Fund to Aid Ukraine
(www.bloomberg.com)
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this post was submitted on 02 Apr 2024
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That's 20 billion per year. The EU's alone defense spending for 2023 was 270bil. This is not a lot of money.
The EU has no defense budget, the member countries have.
Except there's no real common strategy behind it, so it's pointless to look at it as a single defense budget.
Stop talking to ghosts I deleted that reply 4 hours ago.
I'm gonna have to get used to how slow federation can be...
yeaaa 3 days later that post is still there lol, think at this point it ain't poofing
Obviously.
Yeah, this is less the cavalry is here and more "we've committed 3 peanuts, which is better than no peanuts". It's probably enough to help Ukraine a bit, assuming they can agree to it and fund it as committed.
It's unclear if this is humanitarian, non-lethal or general military aid, from the non-paywalled section of the article.
I get your point about how it compares relatively. But I beg to differ that $100 billion is not a lot of money