Financial Times: NATO Fund will reduce the share of US aid to Ukraine from $60 billion to $16 billion

The Financial Times reported that the creation of a NATO fund proposed by NATO Secretary General Jens Stoltenberg would reduce the share of US aid to Ukraine from $60 billion to $16 billion.

Financial Times: NATO Fund will reduce the share of US aid to Ukraine from $60 billion to $16 billionShoigu reveals the extent of the losses of the Ukrainian forces since the beginning of the year

The newspaper notes, “The United States’ share of this amount, amounting to $100 billion, will be much less than the bilateral aid package amounting to ($60 billion).”

The Financial Times adds that discussions are still ongoing about the financing structure for this fund, “to determine contributions to the NATO budget. In this case, the United States will have to provide a little more than $16 billion.”

Bloomberg previously reported that the creation of this fund will be proposed at the NATO summit in the United States in July as part of discussions on Ukraine's accession to NATO.

It is noteworthy that the Secretary-General of NATO proposed establishing a NATO fund worth $100 billion to provide military support to Ukraine over the next five years as part of a package that NATO leaders will sign at their scheduled meeting in Washington next July.

The agency said that Stoltenberg will also propose during the upcoming NATO summit to transfer the management of the US-led Contact Group for Military Assistance to Kiev (Ramstein Formula) to NATO.

The Contact Group for Military Assistance to Kiev coordinates the supply of weapons to Ukraine from about 50 countries, including 32 NATO countries.

It is expected that the leadership of this group will be transferred to the Supreme Commander of NATO Forces in Europe, Christopher Cavoli, with the aim of protecting the contact group from any political changes after the US presidential elections next November.

Thomas Massie, a member of the US House of Representatives from the Republican Party, called for the United States to leave NATO .

The head of the Russian delegation to the Vienna talks on security and armaments, Konstantin Gavrilov, confirmed  Russia's readiness for any scenario in the face of NATO forces that the alliance may send to Ukraine.