US EditionTusk Urged The EU To Make An Immediate Decision On Ukraine's Financing
- Polish Prime Minister Donald Tusk urged EU leaders to make an immediate decision on financial support for Ukraine, stating, "Now we have a simple choice: either money today or blood tomorrow".
- The European Council will discuss financing options for Ukraine for 2026-2027, including external EU borrowing and a reparations loan from immobilized Russian assets.
- Financing decisions require agreement from all 27 EU member states, but Hungary is known not to support some borrowing options.
- Without additional support, Ukraine risks running out of money by the second quarter of 2026, which could jeopardize its defense against Russia.
21 Articles
21 Articles
The following EU summit since the pandemic must answer a key question for Europe's security: How will the Union guarantee the Ukrainian defence struggle against Russia financially from 2026 on?
The European Heads of State and Government are arguing about how Ukraine will be financed in the coming years. They agree on one thing: failure would have dramatic consequences.
"It will be a hard European Council, I can assure them that we will not go out without a decision" on funding for Ukraine, Antonio Costa said, before the last European Council meeting in 2025.
Should frozen Russian funds be used for aid to Ukraine? Opinions are currently divided on this issue within the EU. Poland strongly advocates for it, Belgium is skeptical, and the Czech Republic and especially Hungary completely reject further aid.
Polish Prime Minister Donald Tusk warned that the European Union should choose between "banks today or blood tomorrow", in the context of which Community bloc leaders meet to vote in favour of the use of frozen Russian assets for Ukraine's financing, the Independent reports.
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