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A week after the Ukrainian President Volodzimir Zelensky from the hot exile from the White House, European leaders raised the antenna to defense expenses if they seek to support Kyiv and fill the potential void of US assistance.
The European Commission has offered this week measures For financial flexibility in the field of defense and plan to borrow 150 billion euros (163 billion) to borrow the EU governments on defense opportunities in Europe, including artillery systems, missiles and anti-Dron.
With this EU equipment, it emphasized that it could “intensify” its support to Ukraine, which depended on Europe and the US for military and humanitarian assistance during the three -year resistance to the Russian invasion. In general, the so -called EUROPE EUROPE plan can mobilize almost 800 billion euros.
At the meeting on Thursday, the European leaders supported the initiative, and the President of the European Council Antonio Costa said the continent, which is afraid that Russia could aim at other countries when it prevails in Ukraine – now “supplying our money where our mouth” and “moving strongly towards strong and more sovereign.”
Donald Tusk, Prime Minister of Poland – bordering on Russia – supported the plan, saying Europe should “armed more reasonably and faster than Russia” and encountered “a new arms race started by Putin.”
Critically, Costa stated that the state -member should be allowed flexibility in accordance with the general EU financial rules that are currently limiting the amount of debt that the country can take.
Germany’s largest economy in Europe set a tone similar reform the long -term debt policy in the country to ensure higher protection costs. Outside EU, UK last week announced the intentions Increase your contribution in defense Up to 2.5% of the country’s gross domestic product since April 2027.
“The transition to defense has very clear motives and reasons. This is welcomed in terms of Europe’s security and security. And if it is well designed, it can only have a positive impact on the economy and in European society,” said the European Central Bank’s policy, “Squawk Box Europe” said.
Orban: EU support for Ukraine will “ruin Europe”
The EU’s proposals were not approved everywhere this week, but the historically pro-Russian Hungarian Prime Minister Viktor Orban has abandoned the EU’s support for Ukraine. Orban, who refused to send weapons to Ukraine and often called himself a “peacekeeper” in the conflict, said on Friday that the current EU initiative for Ukraine through additional defense costs “ruined Europe”.
“If the United States is quit now (war financing) … Why do other 26 countries have the opportunity to take this war?” According to Reuters, Orban said on state radio.
Were also analysts Reserved in EU plansSaying that the Dadromantus strategy in Europe will have a “moderate” impact on the eurozone growth and financial expenses, and that low protection in Europe will probably lead to higher imports.
They added that according to the strategy, the need for the European Central Bank continued to mitigate the monetary policy – as it was done through Sixth Interest Reduction On Thursday – Will “quickly disappears” when the bank pushed the role of the “lender of the last eurozone government” amid higher bonds and potential expansion of spreads.
Transatlantic strains
Relationships with the White House left Europe with several cards to play outside the acceleration.
Under the second administration of President Donald Trump, the US threatened with a steady tariff for the EU as part of its protectionist policy aimed at facilitating Washington’s trade deficit – to create a strong blow to the European European economy.
Trump has also repeatedly criticized the refusal of European countries to meet NATO’s 2%contribution targets, saying that this week, “Europe, unfortunately, spent more money by buying Russian oil and gas, than they spent on defense of Ukraine today,” not finding out.
Transatlantic geopolitical cracks deepened last week after a public collision of the White House between Trump, Vice Preidental JD Vance and Zelenskyy that’s left us help Ukraine in question and paralyzed the planned formalization of a critical transaction on the development of minerals.
Last week, Trump, which also fired a relationship with the isolated Kremlin and covered with potential peace talks, accused Zelensky of unprepared until the end of the war. Since then, the White House leader has softened his tone, saying that this week received a letter expressed by Zelensky “to work under the strong leadership of President Trump to get peace that lasts” and sign the minerals agreement.
President Ukrainian repeated the mood in Google Telegram Post On Thursday, saying, “As we said to President Trump, Ukraine works and will work exclusively for the sake of fast and reliable peace,” and separately noting on x that Ukrainian and American teams “resumed work” with a “significant meeting” aimed at next week.
The US-Russia negotiations still sought to restore itself in the peacekeeping process against the background of fears that a reduction from Washington could force Ukraine to territorial concessions to Moscow.
“Dear Valadimir, we were with you from the first day. We will continue to be with you now and we will continue in the future,” – Costa said in the addressSpecial speaking to journalists that the block was preparing for Kyiv’s support when it participated in the negotiations to achieve a “positive result” of “just and lasting peace”.
. Sophie Kedelle CNBC introduced this report
