Arming Ukraine: A Current Account to Funnel $10 Billion Into an Open War

The United States and its European allies are devising a new strategy to arm Ukraine through a “current account” mechanism that would fund the purchase of American-made weapons amid the ongoing war.
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According to three informed sources, Washington and NATO are working on a new framework that would use allied countries’ funds to pay for or facilitate the delivery of U.S. weapons to Kyiv.
This approach emerges as U.S. President Donald Trump expresses growing frustration over Moscow’s continued aggression against its neighbor. Although initially adopting a more conciliatory tone toward Russia in an effort to end the war — now in its fourth year — Trump has recently warned of new tariffs and additional measures unless tangible progress is made by August 8.
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Last month, Trump stated that the U.S. would continue to provide arms to Ukraine, with European allies covering the cost. However, he gave no specifics on how such an arrangement would be structured.
Sources indicate that NATO, the U.S., and Ukraine are jointly developing a mechanism that prioritizes Kyiv’s military needs and allocates up to $500 million per round of aid. NATO Secretary General Mark Rutte would coordinate the contributions, determining which nations would donate or fund specific items on Ukraine’s weapons request list.
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An anonymous senior European official stated that the goal is to supply Ukraine with up to $10 billion worth of arms through this cooperative model.
Although a definitive timeline has not been outlined, the ambition is significant: to secure substantial and sustained military assistance for Ukraine.
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A senior NATO military official, also speaking anonymously, noted that the initiative is voluntary but strongly encouraged across the alliance. The plan includes a centralized current account, managed by NATO, where member states could deposit funds. These funds would be used to purchase arms approved by NATO’s supreme military commander.
The alliance itself declined to comment, and there was no immediate response from the White House, the U.S. Department of Defense, or the Ukrainian Embassy in Washington.
Meanwhile, Russian forces continue their incremental advances. Current reports estimate that Moscow now controls roughly 20 percent of Ukrainian territory.