The European Union is on the cusp of a financial crisis that could have far-reaching consequences for Ukraine and the entire continent. The European Commission has warned that urgent measures are needed to fill Ukraine's €135 billion budget shortfall for the next two years, amid Russia's ongoing invasion.
With Kyiv's financial resilience weakening by the day, Europe is facing an unprecedented challenge in providing support to its beleaguered eastern neighbor. The situation is further complicated by a Trump administration questioning the cost of collective defense, leaving many wondering how much more can be expected from EU member states.
One potential solution that has been floated is tapping into €185 billion worth of frozen Russian assets, which are largely located in Belgium. However, this move has faced resistance from several European countries, including Belgium itself, highlighting the deep divisions within the EU over how to proceed.
The stakes are high, with EU Commission President Ursula von der Leyen stressing that Ukraine's future is inextricably linked to Europe's own security and prosperity. Failure to provide adequate support could have disastrous consequences for both Ukraine and the EU as a whole.
As 2025 draws to a close, the debate over how to finance Ukraine's war efforts is far from over. The European Parliament has brought together a range of experts and policymakers to discuss the future of financing Ukraine, with Jennifer Ben Brahim representing France 24 on the show.
With tensions running high, it remains to be seen whether EU member states will come together to provide the necessary support for Ukraine or if the crisis will escalate into a full-blown financial meltdown.
With Kyiv's financial resilience weakening by the day, Europe is facing an unprecedented challenge in providing support to its beleaguered eastern neighbor. The situation is further complicated by a Trump administration questioning the cost of collective defense, leaving many wondering how much more can be expected from EU member states.
One potential solution that has been floated is tapping into €185 billion worth of frozen Russian assets, which are largely located in Belgium. However, this move has faced resistance from several European countries, including Belgium itself, highlighting the deep divisions within the EU over how to proceed.
The stakes are high, with EU Commission President Ursula von der Leyen stressing that Ukraine's future is inextricably linked to Europe's own security and prosperity. Failure to provide adequate support could have disastrous consequences for both Ukraine and the EU as a whole.
As 2025 draws to a close, the debate over how to finance Ukraine's war efforts is far from over. The European Parliament has brought together a range of experts and policymakers to discuss the future of financing Ukraine, with Jennifer Ben Brahim representing France 24 on the show.
With tensions running high, it remains to be seen whether EU member states will come together to provide the necessary support for Ukraine or if the crisis will escalate into a full-blown financial meltdown.