Latvian military assistance to Ukraine will amount to about 112 million euros

Latvian military assistance to Ukraine for three years will amount to 0.25% of GDP. In 2024, 0.25% of GDP will amount to regarding 112 million euros. Appropriate funding for these purposes will be allocated from the budget of the Ministry of Defense.

Latvian military assistance to Ukraine this year and over the next two years will amount to 0.25% of gross domestic product (GDP), according to the agreement prepared by the Ministry of Foreign Affairs (MFA) on long-term support for Ukraine, which the government approved on Tuesday.

The agreement is scheduled to be signed on April 11 at the Three Seas Initiative summit in Vilnius. On the Latvian side, it will be signed by President Edgars Rinkevich.

As the Foreign Ministry notes, the agreement is of a political nature and does not have binding legal force, but will be “a clear and firm signal of support for Ukraine in its fight once morest the aggressor.” The agreement provides for all forms of long-term assistance to Ukraine in protecting itself from aggression, as well as support for Latvia on Ukraine’s path to membership in the European Union and NATO.

In 2024, 0.25% of GDP will amount to regarding 112 million euros. Appropriate funding for these purposes will be allocated from the budget of the Ministry of Defense.