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Automatically translated version. May contain inaccuracies compared to the original.
UNIAN: Russian aggression against Ukraine requires increasing costs to support Kyiv, and the European Union realizes that the current level of support for Ukrainians will not be enough. As Euronews writes, the war is destroying the Ukrainian economy, which increases Kyiv's financial needs.
In recent days Russia has struck railways, bridges, energy facilities, hospitals, schools, and industrial enterprises. Massive drone and missile attacks lead to civilian deaths and disrupt business operations. On Thursday Russian strikes left Kyiv without electricity, heightening fears for the coming winter.
“This war will last longer than we thought,” said a European diplomat who spoke to the publication on condition of anonymity. He said that the EU understands Ukraine's need for aid will remain high, but the mechanism for further financing has not yet been defined.
The situation is complicated by the deterioration of Ukraine's economic situation. The Russian blockade of the Black Sea restricts grain exports, depriving the state of important revenue. Finance Minister Serhiy Marchenko warned that the budget for 2027 year will be the most difficult since the start of the full-scale invasion. According to him, to cover the country's needs, $78 billion is lacking.
At the same time the current European program envisages a loan of €90 billion, which is meant to cover about two-thirds of Ukraine's needs in 2026–2027 years. As Euronews notes, this loan was designed with the assumption that the war would end this year, but Russian escalation makes that scenario less likely.
EU Economic Commissioner Valdis Dombrovskis admitted that the financial outlook for next year is more difficult, and the scale of the deficit is being clarified.
“Obviously we are facing a significant financing gap. The exact size of this shortfall is still being determined,” he said.
Among possible solutions are the use of frozen Russian assets, new joint EU borrowings, and increasing bilateral aid. However Belgium, France, and Italy are not showing willingness to back the option of using Russian assets, and new borrowings are complicated by rising debt costs.
Therefore Brussels calls on the United Kingdom, Canada, and Japan to increase their contributions to supporting Ukraine. According to Dombrovskis, the EU intends to provide the necessary financing for as long as it is needed, though the exact mechanism for further aid has not yet been defined.
War in Ukraine: latest news
As UNIAN wrote, during negotiations the Trump administration proposed to Moscow significant economic incentives—from unfreezing frozen assets to allowing the sale of Lukoil abroad and lifting restrictions on export of Belarusian fertilizers. Kyiv did not give a categorical refusal but insisted on safeguards—compensations or additional guarantees of military assistance.
We also wrote that Trump accused Zelensky of unwillingness to end the war and urged regime change in Ukraine. The statement came after Zelensky criticized the lifting of U.S. sanctions on Russian exports of diesel fuel.
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