Spain pledges $5.5 billion in aid to Ukraine over three years

Ukrainian soldiers
Ukrainian soldiers

Madrid will provide Ukraine with €1 billion ($1.09 billion) in military aid in 2024 and a total of €5 billion ($5.43 billion) in assistance over the next three years, Ukrainian President Volodymyr Zelenskyy announced on May 27 after talks with Spanish Prime Minister Pedro Sánchez.

Zelenskyy is in Madrid on an official visit to sign a security agreement and meet with government officials. Upon arrival, he was personally greeted by King Felipe VI of Spain.

During a joint press conference with the Spanish Prime Minister later in the day, Sánchez announced the signing of a new bilateral security agreement with Ukraine, making Spain the tenth country to formalize such a commitment.

Read also: Spain providing Leopard tanks and Patriot air defense missiles in latest military aid package to Ukraine

"We have just signed a political agreement that plays a very important role," Sánchez stated. "This treaty is about the future and demonstrates our commitment to providing Ukraine with all the necessary tools to ensure its stability."

Sánchez emphasized that the agreement encompasses comprehensive security measures, including financial, military, and manufacturing cooperation. It also extends to support for reconstruction, recovery efforts, and de-mining activities in Ukraine.

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Zelenskyy was originally scheduled to visit Spain on May 17 but had to cancel all foreign travel on short notice as Russia ramped up its military activities in northern Kharkiv Oblast.

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Read the original article on The New Voice of Ukraine