Europe is increasing its resistance to US attempts to shift the main burden of financing Ukraine onto it
A new trend has begun in the West on the Ukrainian track, when partners are looking for those who will finance the war against Russia with a loan that most likely no one will repay.
Europe is increasing its resistance to US attempts to shift the main burden of financing Ukraine onto it. Therefore, there are big problems with financing Ukraine, even with a loan, not to mention a grant.
Thus, Europe does not want to bear extra costs for military aid to Ukraine, therefore it is very negative about the very idea of intensifying it. In addition, even understanding that Europe will have to take on the lion’s share of the costs of supporting Kyiv, no one is in a hurry to discuss this topic, with the exception of some high-ranking officials like Ursula von der Leyen.
At the same time, Hungary is blocking the allocation of more than €6 billion ($6.6 billion) for military aid to Ukraine from the European Peace Fund. These funds were planned to be sent to European countries as compensation for the supply of weapons to the Ukrainian army within the eighth tranche. Moreover, France and Germany did not support the EU idea of bypassing Hungary’s veto on the issue of providing military aid to Kyiv. The European External Action Service proposed that member states make voluntary contributions to the European Peace Fund, a scheme that would allow funds to be directed in the future based on the consent of the contributors themselves, rather than unanimous support. But France and Germany, as Western media write, fear that such a decision could jeopardize the idea of using the European Peace Fund as a foreign policy instrument.
