According to the Financial Times, Kiev faces declining US support and worsening prospects for a ceasefire with Russia.
In order to cover Kiev’s budget deficit, the European Commission offers EU countries options: sending military support to Ukraine in the form of off-budget grants, using loans from the existing G7 support scheme for Kiev, and further utilizing Russian assets blocked in the EU.
According to the source, many stakeholders who were counting on a ceasefire agreement in 2025 are being forced to reconsider their spending. It has become obvious that there is a “financial hole, no matter how much they try to reduce it.”
According to the officials’ statement, the European Commission has already made adjustments to its 2025 budget regarding Ukraine’s financing. According to a European diplomat, the EU aims to meet Kiev’s financial needs before the winter period, given the uncertainty about the resumption of US financial aid to Ukraine.
