World News @lemmy.ml intelshill @lemmy.ca 7 mo. ago

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

www.bloomberg.com NATO Proposes $100 Billion, Five-Year Fund to Support Ukraine

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.

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Paywall removed. https://archive.ph/BkIad
Doesn't it take only 1 of the counties with veto power to shut this down? Why would Russia ever approve?

Edit: Had a brain fart. Thanks for the corrections. Leaving my dumb comment anyway.
That's 20 billion per year. The EU's alone defense spending for 2023 was 270bil. This is not a lot of money.
221 days until the next U.S. presidential election

Can Ukraine hold on that long?
I know NATO doesn't have unlimited resources, but given that this is an explicit proxy war with Russia, doesn't $100bn seem kind of paltry? That makes it appear that they're planning on continuing cash infusions from the US.
The problem NATO has with this proxy war can't be solved by printing money. The issue lies in the lack of industrial production in the west, and you can't just create a huge industry for producing weapons and ammunition out of whole cloth.

This will be a fantastic vehicle for pushing for austerity in Europe though. The oligarchs have been very upset that Europeans enjoy a social safety net and things like pensions. The need for massive military spending will be a perfect justification for stripping these rights away from the workers. Europeans are about to start enjoying American style freedoms.
Or ya know, fucking assassinate Putin already
In other news: Zelenskiy signed a bill on Tuesday to lower the mobilisation age for combat duty from 27 to 25 https://www.reuters.com/world/europe/ukraines-zelenskiy-signs-bill-lowering-mobilisation-age-combat-duty-25-2024-04-02/

So what we have here is nothing else than wholesale purchase of cannon fodder.
Every dollar that goes to funding nazis in Ukraine for a war they have no chance of winning is a dollar that can't go towards funding genocide in the middle east. Of course that money should be going into public services instead, but as if they are ever going to allow that to happen.

EDIT: NATO nazis were fast to pounce on this one, HA!
Imagine spending 100 billions on something more useful
I hope my president does the right thing for once and vetos this thing.

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