With Ukraine war aid reaching $280 billion, whos really funding the most the US or EU?
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Defending Ukraine in its war with Russia has cost $280 billion so far – and the US has contributed more than any other country.President Donald Trump has raised concerns about the cost of the war in Ukraine in recent days and the topic dominated his Monday meeting with French president Emmanuel Macron.Countries around the world have donated billions to the Ukrainian war effort since Russia invaded the country in February 2022, but the two largest sources of funding are the US and the 27 country bloc of the European Union.Collectively the European Union has given $138 billion in financial, military and humanitarian aid, according to reports.The US has allocated the most of any single country, $119 billion, according to the Germany-based Kiel Institute for the World Economy, which catalogues aid to the war-torn country through its Ukraine Support Tracker, focusing on government-to-government transfers.In its most recent report, released Feb.14, the German think tank reported that the US doled out $64 billion in military aid, $46 billion in financial aid, and $3.5 billion humanitarian aid.Most of the aid given to Ukraine from the European Union was financial aid, which totaled $68 billion, with $53 billion in military spending.Humanitarian aid from the EU totaled $17 billion during the three year period since the war began.The costs of the war on the other side are harder to calculate, but Russia has spent more than $211 billion to fight its war against its neighbor and lost some $10 billion in canceled or paused arms sales, according to statistics compiled by the Pentagon.In addition some $300 billion in Russian assets located in foreign bank accounts have been frozen.During Monday’s meeting Macron said Europe would commit peacekeeping troops to help end the conflict.
He also attempted to correct Trump, who said most of the EU’s aid to Ukraine has been made as loans rather than grants.Trump insisted that Europe should finance the cost of a peacekeeping force i...