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Zelenskyy and Stoltenberg discuss €100 billion fund for Ukraine

Zelenskyy and Stoltenberg discuss €100 billion fund for Ukraine Photo: Volodymyr Zelenskyy, President of Ukraine (Vitalii Nosach, RBC-Ukraine)

President of Ukraine Volodymyr Zelenskyy held a meeting with NATO Secretary General Jens Stoltenberg in Kyiv. The parties discussed, among other things, a fund of €100 billion for Ukraine.

"Today, we discussed Jens's initiative to establish a special Fund for financial support of Ukrainian defense for €100 billion for a term of five years," Zelenskyy explained.

He clarified that NATO countries have the capabilities to implement such an initiative proposed by the Secretary General.

However, as the president pointed out, Ukraine needs to know the details of the fund's creation. Zelenskyy emphasized that such an initiative should not take into account bilateral assistance provided under security guarantee agreements.

€100 billion fund for Ukraine

Information about NATO's plans to create a fund to aid Ukraine with €100 billion over five years emerged in the media at the beginning of April. The idea was proposed by Secretary General Jens Stoltenberg.

According to his plans, this initiative aims to be approved at the NATO's anniversary summit in Washington, which will take place on July 9-11.

As Bloomberg reported, citing sources, the assistance within the fund might be modest, as it is planned to consider bilateral donations to Ukraine from NATO countries.