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Tuesday, March 10, 2026

Ukraine Support Crucial for Peace: Germany’s Scholz

German Chancellor Olaf Scholz urged continued Western support for Ukraine in its war with Russia, saying on Saturday that Germany would not let up in its efforts to back Kyiv.

Speaking at a gathering of European social democrats in Bucharest, Scholz said the best way to prevent any escalation, including a potential conflict between Russia and NATO, was what he called effective deterrence.

“The war in Ukraine ends the moment that (Russian) President (Vladimir) Putin decides to withdraw his troops. However, he will only take that decision if he realizes that he cannot win the war on the battlefield,” said the German leader, whose country has so far provided 28 billion euros ($30.3 billion) in military support to Ukraine.

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“Therefore we are investing more in our own security and defence jointly as Europeans so that no one dares to attack us. This also means putting narrow self-interest aside and building a strong and truly European defence industry.”

Lillian Hocker
Lillian Hocker
Lillian Hocker is a markets and financial journalist specializing in cryptocurrency, blockchain regulation, and digital asset economics. With a background in financial analysis and research, she offers clear, data-driven coverage of market trends, institutional flows, and the evolving global currency landscape. Her work provides concise, authoritative insights for readers navigating the fast-moving world of digital finance.

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