European countries and institutions have given more aid to Ukraine than the US, and the figures announced by the American President are several times overstated.
The Economist writes about this with reference to data from the German Kiel Institute.
On February 19, US President Donald Trump said that the US has allegedly spent USD 350 billion on aid to Ukraine. And this is allegedly more than Europe has provided. He uses these figures to justify the need to transfer rare earth metals and other minerals in Ukraine worth about USD 500 billion to the US.
In total, countries around the world have allocated EUR 267 billion (USD 280 billion) in aid to Ukraine, which is about EUR 80 billion per year. The US has allocated the most. However, together, aid from European countries exceeds that of the US: European countries have allocated EUR 132 billion in aid, and the US EUR 114 billion.
The US provided more military aid, while the EU provided more financial aid. Most of the financial aid from the EU is in the form of loans, while the US provides grants.
The EU has been providing more stable aid to Ukraine, while the US slowed down in 2023 and 2024 amid inter-party disputes in the US Congress. At the end of Joe Biden's presidential term, aid accelerated.
The largest donor among European countries is Germany, which provided about EUR 17 billion to Ukraine.
The second place among European countries in terms of aid to Ukraine is occupied by Britain - it provided EUR 15 billion, and Denmark is in third place.
The Economist says that aid from Europe could be much larger, because so far Germany and Britain allocate only 0.2% of their GDP for it.
The Baltic and Northern European countries allocate the largest percentage of their GDP to aid to Ukraine, in particular, Estonia and Denmark, which allocated more than 2% of their pre-war GDP as part of bilateral aid.
The Economist concludes that European countries are already doing more than America to help Ukraine, but they will have to do even more if the US stops helping altogether.
As Ukrainian News Agency earlier reported, US President Donald Trump said that Ukraine had violated the agreement on rare earth minerals, which was supposed to help the United States compensate for the costs of supporting Kyiv.
As a reminder, according to the Financial Times, Zelenskyy rejected the US offer to transfer about 50% of the rights to Ukrainian rare earth minerals to them, since the agreement did not have clear security guarantees from the United States.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.