US Republicans propose establishing a fund for Ukraine’s military aid funded by European allies
In the United States, a significant legislative initiative is gaining momentum that could eventually reshape how military assistance to Ukraine is financed.
Republican Senators Roger Wicker and Jim Risch, together with legal experts, have drafted a bill called the Peace Act, which envisions creating a specialized fund, financed by contributions from European countries supporting Ukraine.
The fund is intended to be housed within the U.S.
Department of the Treasury and allow allies, notably Germany and the United Kingdom, to contribute funds that can then be used to pay American defense contractors for supply orders supporting Ukraine’s defense efforts.
The proposed legislation suggests that the fund could gather between five and eight billion dollars annually, greatly enhancing the financial capacity to expedite the delivery of modern weaponry to Ukraine.
Wicker emphasized that this mechanism would enable quicker and more flexible responses to the evolving battlefield situation, facilitating faster procurement through swift contributions from allies and minimizing delays.
Wicker highlighted that the passage of the Peace Act would serve as another major step in bolstering Ukraine’s military support and reducing obstacles to the delivery of weaponry.
He also mentioned that the bill might be adopted by the end of 2025 as part of the annual defense policy framework prepared by the Senate Armed Services Committee, led by himself.
The discussion of this initiative occurred amid recent statements by U.S.
President Donald Trump, asserting that NATO and the U.S.
reached an agreement on supplying Ukraine with weapons.
Trump confirmed that the U.S.
plans to deliver various types of armaments, including Patriot missile systems, with full payments covered by the American government.
The creation of such a fund marks a new phase in strategic support for Ukraine and international military cooperation.