EU acknowledges insufficient support for Ukraine, pushes for 'bold action' on Russian assets

As Russia escalates its war, the European Union is realizing that its current support for Ukraine will not be enough to cover a staggering $78 billion (€70 billion) funding gap in Ukraine's 2027 budget. Ukraine's Finance Minister Sergii Marchenko has urged international donors to fill this deficit. A group of EU countries is attempting to revive discussions on utilizing immobilized Russian assets to provide further aid, though some key members remain reluctant.