In the end, it didn’t take one of the European Union’s “three shirt” marathon summit extensions to resolve the question of how Europe will continue funding Ukraine. Mighty Germany and the European Commission lost in their bid to steamroll little Belgium into agreeing to tap about €200 billion ($234 billion) in frozen Russian assets. The bloc will now take out loans worth €90 billion, just enough to fund Ukraine’s defense for another two years at current expenditure, assuming that other donors an
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Seizing Russian Funds Was a Test That Europe Failed
