The EU Can Rise To The Challenge, Turn Into A Superpower And Fund Ukraine To Win.

Europe’s Moment of Action: Funding Ukraine’s Victory

• As discussed in previous analyses, now is the moment for Europe to translate its words into decisive action.

• It was encouraging to see European leaders reaffirming their support for Ukraine after President Zelensky’s diplomatic humiliation at the White House.

• However, statements of solidarity are insufficient.

• If, as the former Estonian Prime Minister and current High Representative of the European Union for Foreign Affairs and Security Policy, Kaja Kallas suggests, Europe is to be the sole major power committed to fighting for freedom, then it must prove it.

• Europe must demonstrate not just rhetorical commitment but real action—action that will not only prevent further Russian advances but also enable Ukraine to regain lost territory as negotiations with Russia begin to take shape.

• This is critical: a persistent myth suggests that Ukraine cannot win this war.

• However, as we have outlined before, this narrative is largely a consequence of insufficient Western support rather than any inherent Ukrainian incapacity.

• When the war began, Ukraine faced a superpower with an overwhelming 10-to-20-to-1 advantage in key military domains—artillery, missiles, and air power.

• Until last year, Ukraine lacked a functional air force capable of contesting airspace.

• Until las year, it was unable to use Western-supplied missiles to strike Russian military targets inside Russia before they crossed the border.

• Furthermore, while Ukraine has received approximately $280 billion in aid from the EU and the U.S., Russia has outspent this sum by approximately 40%.

• A nation, a nuclear superpower, already enjoying substantial strategic advantages at the outset of the war has been investing even more.

• Given these circumstances, Ukraine’s inability to recapture significant territory is hardly surprising.

• However, this equation would change dramatically if Ukraine finally received the level of financial and military support necessary to sustain its counteroffensive efforts.

• With the growing risk that the U.S. could scale back its support, the responsibility now falls on Europe to step up.

• Today’s analysis will examine two major ways in which the EU can quickly mobilize its financial resources to provide Ukraine with hundreds of billions of euros, rather than the sluggish and inadequate trickle of aid that has characterized Western support thus far.

• Short-Term Solutions: Unlocking Massive European Funding for Ukraine.

• In the long term, Europe must establish new institutions to support its own rearmament, such as a European Bank for Rearmament—a topic that is already under discussion.

• (side note: here too, the UK is showing much needed leadership in pushing for the idea.)

• However, in the immediate term, two key measures can be enacted to unlock massive financial aid for Ukraine as quickly as possible: