Portugal Will Increase Military Aid to Ukraine to €221 Million

Volodymyr Zelenskiy and Luis Montenegro during a meeting at Sao Bento Palace in Lisbon, Portugal on May 24. (Jose Sena Goulao/Photographer: Jose Sena Goulao/G)

(Bloomberg) -- Portugal plans to increase the amount of military aid it’s providing to Ukraine this year to €221 million ($239 million), Prime Minister Luis Montenegro said.

The government will add €95 million to the €126 million of military aid that was already planned for this year, Montenegro told reporters in Washington, where he’s attending a NATO summit.

Montenegro reaffirmed a commitment for defense spending in the country’s budget to reach the equivalent of 2% of gross domestic product in 2029.

©2024 Bloomberg L.P.

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