Ukraine already faces a €23 billion hole in its defense budget.
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Ukraine already faces a €23 billion hole in its defense budget.
Kaja Kallas at a press conference at the Philippine International Convention Center in Pasay, on July 24, 2026. | Ezra Acayan/Getty Images
August 27, 2026
Four EU countries wrote the European Commission urging it to revisit a plan to use frozen Russian assets to plug a huge hole in…
Sweden, Netherlands, Spain, and Poland urge the EU to revive plans for using €210B in frozen Russian assets as Ukraine faces a…
Sweden, the Netherlands, Spain and Poland are urging the European Commission to revive work on using more than €200 billion in…
Around €200 billion in frozen Russian assets are held in Europe, mostly at Belgium-based Euroclear
Pressure is growing on member states to back a €90bn loan for Kyiv ahead of a Brussels summit
The gap emerged after Ukraine brought forward spending as Hungary delayed the EU’s €90B loan earlier this year.
