Germany plans to halve its military aid to Ukraine next year, despite concerns that U.S. support for Kyiv could potentially diminish if Republican candidate Donald Trump returns to the White House.

Germany is planning to nearly halve military aid for Ukraine next year, from around €8bn (£6.7bn; $8.7bn) to around €4bn, according to a draft budget approved by the government. Finance Minister Christian Lindner said Ukraine's financing was "secure for the foreseeable future" due to a G7 group of rich nations scheme to raise $50bn from interest on frozen Russian assets.

Germany is set to reduce funds dedicated to strengthening partner countries in the areas of security, defense and stabilization, its draft budget shows.