December 2, 2023 6:59 am

EU’s Ukraine cash plan facing possible demise, says Reuters – RT World News

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The European Union’s proposal to invest €20 billion in lethal aid for Ukraine is encountering resistance from several member states, raising doubts about its survival in its present form. Diplomats told Reuters that there is growing skepticism about the funding plan, with Germany among the nations questioning it.

The EU’s foreign policy chief, Josep Borrell, has been advocating for the four-year spending initiative since July, but multiple member states are not fully convinced, expressing reluctance in committing significant funds so far in advance.

A senior European diplomat noted, “Germany has had a lot of questions… and rightfully so. We’re talking about a lot of money… I’m not going to declare it dead at this point yet. But of course, improvements can always be made.”

EU defense ministers are scheduled to discuss the funding plan during an upcoming meeting in Brussels, alongside a separate proposal to provide about €50 billion in economic assistance to Kiev.

However, some member states have expressed opposition to the financial aid, with Hungarian Prime Minister Viktor Orban blocking the package in a vote last month, citing that it “had not been worked out properly, and was not suitable to be a basis for serious negotiations.”

Similarly, Slovakia has questioned the wisdom of continued aid to Ukraine after nearly two years of conflict. Prime Minister Robert Fico expressed concerns about the financing of Ukraine and its impact on the war, questioning the need to invest another €50 billion without any guaranteed outcome.

Fico also emphasized the difficulties faced by the member states’ public finances, stating, “If the strategy is to continue to pour money there, €1.5 billion per month without any result, and we have to cut our own resources? After all, we have huge problems, and public money is in a difficult state.”

While the likelihood of Borrell’s original proposal being adopted is declining, many countries still support the move, according to a Reuters report. The European Commission has authorized a total of €83 billion in military, economic, and humanitarian aid to Ukraine since the start of Russia’s military operation, reflecting the ongoing support from the EU.

Despite the substantial assistance provided by Western countries, Kiev’s recent military efforts have not achieved their intended objectives. The Russian Defense Ministry estimated that Kiev had suffered significant losses in troops, tanks, and armored vehicles since June, raising questions about the effectiveness of the aid provided.

Expanding from the original news article, the objections from member states to the EU’s proposed funding for Ukraine’s military aid highlight the diverse perspectives and challenges faced within the bloc. The differing viewpoints reflect the complexity of international relations and the balancing of interests among member states. The skepticism and opposition underscore the need for thorough deliberation and negotiation to develop a consensus on such significant funding initiatives.

The concerns raised by Germany, Hungary, and Slovakia echo the broader issues of fiscal responsibility, the effectiveness of aid, and the potential consequences for domestic resources. These considerations indicate the necessity of addressing the financial, strategic, and geopolitical implications of providing extensive aid to Ukraine amidst ongoing conflict.

Moreover, the escalating tensions and military dynamics in the region further complicate the decision-making process, as the EU navigates its role in supporting Ukraine while minimizing the impact on its internal resources and diplomatic relationships. The EU’s deliberations on the proposed funding for lethal aid to Ukraine reflect the intricate policy challenges faced by the bloc in addressing international crises and conflicts.

As the EU continues its discussions on the funding plan, the balancing of national interests, fiscal constraints, and diplomatic priorities will remain central to the decision-making process. The outcome of these deliberations will have implications for the EU’s foreign policy approach and its role in providing support to countries facing external threats and conflicts.

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Original Source: EU’s Ukraine cash plan facing possible demise, says Reuters – RT World News

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