Latvia will provide 0.25% of GDP to Ukraine as part of ten-year deal

The agreement was signed on Thursday by the presidents of Ukraine and Latvia.

Ukraine and Latvia have signed a 10-year agreement under which Riga will provide Kyiv with defense aid equivalent to 0.25% of its gross domestic product (GDP). Ukrainian President Zelensky and Latvian President Edgars Linkevich signed a security agreement on Thursday. Information posted on the Ukrainian president’s website stated that as part of the agreement, Latvia will provide Ukraine with military support of approximately 112 million euros ($120 million). The agreement will help Ukraine with recovery and reconstruction, protection of critical infrastructure and demining.

“Latvia has also made a 10-year commitment to assist Ukraine in cyber defense, demining and unmanned technology, and to support Ukraine’s accession to the EU and NATO,” Zelensky said on X.

Latvia said its commitment to provide 0.25% of GDP to Ukraine would last for three years, from 2024 to 2026. The funds will be used for military training and the supply of equipment and weapons in the land, air, maritime and cyber electromagnetic fields.

Both countries “are aware of the inalienable right of states to individual and collective self-defense and consider any attempt to change borders by force to be unlawful. Participants consider Ukraine’s security to be an integral part of Euro-Atlantic and global security,” the deal the text says.

Ukraine has signed bilateral security treaties with nine countries: the United Kingdom, Germany, France, Denmark, Canada, Italy, the Netherlands, Finland and now Latvia.

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The latest agreement was signed to implement the Joint Statement in Support of Ukraine, which was attacked by Russia in February 2022. According to information on the Ukrainian president’s website, a total of 32 countries have joined the statement.

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