South Korea to double contributions to NATO Trust Fund for Ukraine
Photo: From open sources
During a gathering of Alliance allies and partners in Washington, South Korean President Yoon Suk Yeol declared that his country will remain committed to backing and aiding Ukraine. He also announced plans to increase South Korea's contributions to the NATO trust fund for Ukraine to 24 million US dollars in the coming year, double the current amount.
Yonhap reported that.
"South Korea will continue to provide security support, humanitarian aid, and reconstruction assistance to Ukraine. Next year, we will double our contribution to the NATO trust fund for Ukraine compared to this year," Yoon said.
The publication notes that in June, South Korea contributed $12 million to the NATO trust fund "Comprehensive Package of Assistance to Ukraine" to support the construction project of a military medical clinical rehabilitation center.
In 2022, South Korea provided Ukraine with $100 million in humanitarian aid.
In 2023, it handed over $150 million in short-term aid and promised $300 million this year.
Starting next year, Seoul intends to offer Ukraine $2 billion in long-term low-interest loans through the Economic Development Fund and provide 200 power generators to support Ukraine's energy sector.
Yoon's participation in this year's NATO summit drew increased attention because South Korea had said it might review its ban on the supply of lethal weapons to Ukraine in response to the military deal between North Korea and Russia, but that was not discussed at the summit.
The Australian government has announced that it will be giving Ukraine an additional 250 million dollars in military support, marking the country's most significant contribution since the Russian Federation's full-scale invasion.
For reference:
The 75th NATO anniversary summit was held in Washington, the capital of the United States of America, from July 9 to 11. At this summit, the leaders of the allied countries made several decisions concerning Ukraine.
Also, at the reception after the round table "Women, peace and security," US Secretary of State Anthony Blinken announced $7 million in aid for Ukrainian female military personnel. These funds will be spent on over 10,000 uniforms, shoes, and other necessary equipment for military women.
On the summit's sidelines, in addition to the planes, the USA, the Netherlands, Germany, Italy, and Romania leaders announced the transfer to Ukraine of five Patriot and SAMP-T strategic air defense systems and the provision of dozens of tactical air defense systems shortly.
Following the meeting results, the leaders of the NATO summit also signed the Ukraine Compact, a document containing commitments to support Ukraine. It unites countries that have signed bilateral security agreements with Ukraine.
