French military aid to Ukraine will exceed two billion euros in 2024, in particular thanks to the use of interest on frozen Russian assets, Minister of the Armed Forces Sébastien Lecornu said on Monday.
However, it will not reach the maximum of three billion envisaged within the framework of a security agreement concluded with kyiv.
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War in Ukraine: after two and a half years of war, incursion into Russian territory
French military aid intended for Ukraine will exceed two billion euros this year but will not reach the maximum of three billion envisaged in a security agreement concluded with kyiv, Minister of the Armed Forces Sébastien Lecornu said on Monday. “It was politically decided at the beginning of 2024 that this aid could go up to three billion euros. In fact, we will be above two billion euros, but not three billion euros“, announced the minister to the deputies of the Defense Committee.
France had guaranteed its support for Ukraine in a bilateral security agreement concluded on February 16 between Paris and kyiv. French military aid reached 1.7 billion euros in 2022 and 2.1 billion in 2023, according to Paris. Some €300 million in aid in 2024 comes from using interest from Russian assets frozen after Russia’s invasion of Ukraine in February 2022. They “make it possible to finance ammunition – rather 155 mm shells -, Caesar cannons fuel“, detailed the minister.
New equipment
The donation of old equipment from the French armies to be replaced by new equipment, such as armored vehicles (VAB) or AMX -10RC tanks represents a cost of 533 million in 2024, compared to 177 million per year pass. These donations of old equipment to Ukraine will represent next year “almost 700 million euros“, specified Sébastien Lecornu.
Funding for aid to Ukraine also comes from “gains d’inflation“, estimated this year at between 400 and 600 million euros this year, according to him. These “gains” come from the slowdown in inflation compared to the higher inflation hypotheses retained during the development of the military programming law. Of the 413 billion euros planned between 2024 and 2030, around 30 billion were to cover the effects of inflation.
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UPDATE ON THE NIGHT
Here is the information from the last 24 hours on the front of the war in Ukraine:
– Three people were killed Monday by Russian strikes on southern Ukraine. One person was killed in Odessa and two women died in the Kherson region during a Russian drone attack.
– Russia plans to “directly involve” North Korea in its troops, according to a statement by Volodymyr Zelensky. Citing Ukrainian intelligence services, the Ukrainian president assures this evening that Russia’s plans for the fall and winter include “the real involvement of North Korea in the war.”
– A little more than 2 billion euros in French military aid is intended for Ukraine in 2024, the Minister of the Armed Forces said on Monday. A sum made possible thanks to the use of interest from frozen Russian assets, but which will not reach the maximum of three billion envisaged in a security agreement concluded with kyiv.
– Russia will “probably” be able to attack NATO from 2030, according to an alert from the German secret services during a hearing in the Chamber of Deputies.
WELCOME
Hello everyone on Tuesday October 15 and welcome to this live broadcast dedicated to the war in Ukraine, more than two and a half years after the Russian invasion.
Funding for aid to Ukraine also comes from the support fund of a total of 400 million euros allowing kyiv to acquire equipment directly from French industrialists or from the European Peace Facility ( FEP).
France contributes 1.2 billion euros to this EU instrument intended to manage its interventions in conflicts, in particular the supply of weapons, but “we are beneficiaries since 143 million euros were received by the ministry in 2024” for the benefit of Ukraine, according to him.
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