To exhaust the Russian Federation: Estonia has offered a plan for Ukraine funding for 120 billion euros per year

The Estonian Defense Ministry stated that the countries of the Ramstein group need to invest 0. 25% of its GDP in military assistance to Ukraine so that it won the war. Estonia believes that Ramstein countries can allocate 120 billion euros a year to help Ukraine. Money can also be borrowed from the EU financial markets. Euractiv writes about it. According to the permanent secretary of the Estonia Ministry of Defense Kusta Salm, this amount is only an approximate figure.

According to journalists, Estonian politicians have repeatedly stated that the countries of the Ramstein group need to invest 0. 25% of their GDP in military assistance to Ukraine to win the war. Money will be spent on equipment and ammunition. According to Salm, if the Ramstein Coalitions would spend 0. 25% of their GDP to help Ukraine every year, it would be just about 120 billion euros. "With this money by 2025, Ukraine will reach the point when it will be able to exhaust Russia," he said.

However, he warned that even if the money starts to come to the budgets now that this amount will take about 9 months. Salm also said that 120 billion is the amount that does not cover Ukraine's own expenses, assistance to the event in the preparation of the Ukrainian military, humanitarian aid and more. The Estonian politician stated that the West spends only half of what Russia spends on the war. In his opinion, 0. 25% of GDP is an affordable amount for European countries.

In this case, Eurobonds will be a means of obtaining access to money as soon as possible. "Some countries have stated that it will not be on the funds, and it was here that the Eurobond discussion is being played," Salm suggested. He noted that in this case, 27 EU Member States are entrusted to the EU executive power to find money in financial markets and be bound by interest rates.