NATO cancels plan to create $108 billion fund to support Ukraine

Instead of establishing a five-year fund, Stoltenberg will ask NATO member states to maintain their current contributions to Ukraine. The NATO chief has previously faced criticism from the alliance's member states. Under the new proposal, NATO allies would need to spend at least 40 billion euros ($43.2 billion) a year on lethal and non-lethal military aid to Ukraine. NATO members will discuss the proposal at a meeting next week in Brussels. The amount would equal the average annual contribution by NATO members since the start of the Russia-Ukraine conflict.

NATO will determine the amount of each member state's contribution based on a percentage of its Gross Domestic Product (GDP). The new proposal aims to "create more transparency about what allies give to Ukraine." The United States will contribute about half of the total, while the other 31 member states will contribute half. On May 27, NATO allies asked Secretary General Stoltenberg for more clarity on the plan to provide Ukraine with $100 billion. On May 30, Stoltenberg proposed asking allies to allocate about 40 billion euros a year in aid to Ukraine. Some NATO officials said that this amount would at least maintain the current level of NATO military aid to Kiev.