COPENHAGEN, Denmark (AP) — European Union leaders on Wednesday weighed a new scheme to provide longer-term financial and military support to Ukraine using hundreds of billions of dollars in frozen Russian assets held in Europe.
The plan — which Moscow has described as “theft” — is a fresh sign of the EU’s determination to push ahead alone with support for Ukraine without the United States. Under President Donald Trump the U.S. no longer sends financial aid to Ukraine, and little so far in the way of weapons.
Ukraine’s budget and military needs for 2026 and 2027 are estimated to total around 130 billion euros ($153 billion). The EU has already poured in 174 billion euros since the war started in February 2022.
The biggest pot of ready funds available is through frozen Russian assets. Mos