Aid pledges for Ukraine fall to lowest level since Russian invasion

December 11, 2023 - Newly committed aid to Ukraine has dropped to the lowest level since Russia’s invasion in February 2022, highlighting concerns over wavering support from Kyiv’s Western allies.

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Fresh support fell almost 90% between August and October from the the same period a year ago to €2.11 billion ($2.3 billion), according to data tracked by the Kiel Institute for the World Economy.

The report comes as Ukrainian President Volodymyr Zelensky is heading to Washington DC as he seeks to rescue a $60bn (€55bn) U.S. defence aid package, currently stalled in Congress

Support from the European Union is also looking increasingly shaky after Hungary threatened to torpedo a summit in Brussels on Dec 14, where a $53 billion package of financial assistance – in loans and grants – is going to be discussed.