Ukraine Recap: Germany Plans $428 Million More in Military Aid

Germany announced an additional €400 million ($428 million) in military support for Ukraine, although the package doesn’t include the bunker-busting Taurus cruise missiles the government in Kyiv has urgently requested.

(Bloomberg) — Germany announced an additional €400 million ($428 million) in military support for Ukraine, although the package doesn’t include the bunker-busting Taurus cruise missiles the government in Kyiv has urgently requested.

European Union member states are divided on plans for a 12th package of sanctions against Russia. New measures expected as early as next month would likely include a ban on purchases of diamonds from Moscow and possibly a proposal to use profits generated by frozen central bank assets to aid Kyiv. But countries including Poland and the Baltic nations want to go further, with sanctions on liquefied natural gas and IT services. 

Kyiv dismissed six out of seven deputy defense ministers following the replacement of the ministry’s head earlier this month, cabinet member Oleh Nemchinov said on Telegram without elaborating on the reason for the move. President Volodymyr Zelenskiy said on Sept. 7 the most important task for his new defense minister Rustem Umerov was to foster “transparency and trust.”

Latest Coverage

  • EU Braces for Tussle Over 12th Russian Sanctions Package
  • Ukraine Files Complaint With WTO on Neighbors’ Grain Ban
  • Germany Plans Additional $428 Million in Military Aid to Ukraine
  • Zelenskiy to Meet US Senators With Ukraine Aid Under Threat 
  • Europe Is Better Prepared If Trump Wins, Germany’s Baerbock Says

Coming Up

  • US-led Ukraine Defense Contact Group meets on Sept. 19
  • UN General Assembly from Monday

 

More stories like this are available on bloomberg.com

©2023 Bloomberg L.P.