Swiss Senate Rejects Special Fund For Army And Ukraine

(MENAFN- Swissinfo) There will be no CHF15 billion ($17 billion) special fund for the army and reconstruction in Ukraine. The Senate has clearly rejected a motion by its security policy committee.

• Deutsch de Ständerat lehnt Spezialfonds für Armee und Ukraine ab Original Read more: Ständerat lehnt Spezialfonds für Armee und Ukraine a
• Русский ru Парламент Швейцарии даст армии больше денег Read more: Парламент Швейцарии даст армии больше дене

The security policy committee of the Senate had proposed the special legal fund in a motion. The Senate voted against it on Monday by 28 votes to 15, with two abstentions. The motion is therefore off the table.

+Media report: Swiss army to face big financial issues in coming years

The fund was intended to cover the army's additional financial requirements between 2025 and 2030 with CHF10.1 billion. CHF5 billion should have been used for reconstruction aid in Ukraine. The no vote comes as no surprise, as the idea had been criticized from several sides in recent weeks.

Sign up to get the latest news from Switzerland directly to your inbox

Adapted from German by DeepL/amva

This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.

If you want to know more about how we work, have a look here , and if you have feedback on this news story please write to ... .

This content was published on Jun 4, 2024 Swiss authorities and its private contract processors are required to review their cooperation after an investigation into leaked data.

This content was published on Jun 4, 2024 Heavy rainfall has caused severe flooding in northern Armenia and cost lives. Switzerland dispatched a team of seven engineers to the region.

This content was published on Jun 4, 2024 By 131 votes to 61 with 2 abstentions, the House of Representatives said 'no' to the postulate put forth by the Social Democratic Party.

This content was published on Jun 4, 2024 The peak of the snow accumulation was most likely reached on Monday, wrote glaciologist Matthias Huss on the social media platform X on Tuesday.

This content was published on Jun 4, 2024 US Vice President Kamala Harris and US President Joe Biden's security advisor, Jake Sullivan, will take part in the Ukraine peace conference.

This content was published on Jun 4, 2024 "I demand complete and unfiltered access to all information", said the director of the Swiss Financial Market Supervisory Authority said in an interview.

This content was published on Jun 4, 2024 The increase in the payment framework is intended to ensure that the army budget reaches the target value of 1% of gross domestic product by 2030.

This content was published on Jun 4, 2024 The earthquake was probably felt throughout Switzerland, according to the Swiss Seismological Service of federal technology institute ETH Zurich.

This content was published on Jun 3, 2024 The asset manager Bantleon is buying a 62% stake in Credit Suisse Investment Partners (CSIP) from Credit Suisse and UBS.

This content was published on Jun 3, 2024 The Swiss army will be taking part in one of the largest air-operations exercises in Europe, which takes place in a different country each year.

In compliance with the JTI standards

More: SWI swissinfo certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here . Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at ... .

MENAFN04062024000210011054ID1108296165