Germany Halts New Military Aid to Ukraine
Germany Halts New Military Aid to Ukraine

Germany Halts New Military Aid to Ukraine

News summary

The German government has decided to halt all future military aid to Ukraine, reflecting a shift in fiscal priorities amid budget constraints. Finance Minister Christian Lindner indicated that Berlin will rely on the profits from frozen Russian assets for any future support, abandoning plans for new funding despite previously earmarked €8 billion. This decision has raised alarms among German politicians, who argue that it sends a 'fatal signal' to Kyiv, especially as Ukraine intensifies its military offensives. Defense stocks across Europe have reacted negatively, with shares in Rheinmetall and other defense companies experiencing significant declines. The Defense Ministry has criticized Lindner's move, stating it jeopardizes the ongoing supply of military support to Ukraine, with many key requests currently stalled. This shift in policy comes as discussions continue over how to utilize frozen Russian assets for Ukraine's needs, with formal agreements still pending.

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