Europe Provides $14.6bn Aid to Ukraine in May, June as U.S. Support Declines

Photo Credit: ifw-kiel de

Hamburg: The Ukraine Support Tracker from the Kiel Institute for World Economy (IfW) has shown that Europe provided $14.6 billion (12.6 billion euros) in aid to Ukraine in May and June, while support from the United States declined in the two months, reported the German Economic Institute.

The European aid is lower than in the preceding months of March and April, noted IfW, when support had increased sharply to 19.9 billion euros, according to updated figures. That was partly to compensate for the absence of aid from the U.S. The IfW tracks military, financial, and humanitarian assistance.

The data collection began on Jan. 24, 2022, one month before Russia’s full-scale, illegal invasion of its neighbour.

The data includes more than 40 countries, including EU member states, the U.S. and Japan, as well as support coming directly from the European Union. Sources for the data are government agencies and media reports.

The institute’s researchers noted that military aid is increasingly being organised through contracts with arms manufacturers. In such cases, goods did not need to be taken from existing stockpiles.

“The capacity of the defence industry increasingly determines military aid to Ukraine,” the project leader, Taro Nishikawa, said in a statement.

Of the military aid allocated in May and June, which amounted to approximately 10.5 billion euros, at least 4.6 billion euros is expected to flow into contracts with arms manufacturers, according to IfW Kiel.

The contracts primarily went to companies in Europe and Ukraine.

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