Europe Is Capable Of Thwarting Putin's Plans
- 15.10.2026, 19:30
One of the main options is the confiscation of frozen Russian assets.
Against the backdrop of Russian attacks on Ukraine’s energy sector, ports, and industry, Europe must urgently increase financial aid to Kyiv and find ways to protect the country’s economy. U.S. President Donald Trump’s deal with Putin on Russian diesel fuel supplies complicates Ukraine’s situation, but the decisive factor will be the level of support it receives from its European allies, writes the British think tank Chatham House.
Russia is banking on destroying the Ukrainian economy. Power grids, railways, port infrastructure, grain silos, and steel mills are all coming under attack. Moscow’s goal is to reduce Kyiv’s revenues, increase the budget deficit, and intensify pressure on the population ahead of winter.
In 2026, Ukraine will face a $27 billion shortfall in defense spending, and in 2027, the budget financing deficit could reach $32 billion. A continuation of the war will increase the need for aid and jeopardize further disbursements from the International Monetary Fund.
“The message to Putin must be crystal clear—regardless of Trump’s position, Europe intends to support Ukraine and will provide it with the financial resources necessary for victory,” the expert emphasizes.
One of the main options is the confiscation of frozen Russian state assets. Approximately €210 billion in funds belonging to the Russian Central Bank are frozen in EU countries, with another €25 billion held in the United Kingdom. This money should be directed toward supporting Ukraine so that Russia, rather than European taxpayers, bears the costs of the war.
At the same time, Kyiv needs additional air defense capabilities and insurance guarantees for Ukrainian ports, businesses, and agricultural cargo. This would help restore grain production and exports, which bring Ukraine $10–11 billion annually.
“The decisive factor will be whether the Ukrainian economy can survive the harsh winter,” analysts warn. It is time for European leaders to move from statements to concrete action.