September 14, 2026
The war in Ukraine—Europe’s longest and deadliest conflict since World War II—continues to escalate. Many observers agree that this will be a tough winter for Ukrainians.
Earlier this year, the EU finalized a $100 billion loan for Ukraine. However, in late August, President Zelensky told European allies that Ukraine now faces an unexpectedly large defense budget shortfall and needs an additional $27 billion to get through the year. Zelensky’s request for additional funds is the latest signal that the war’s cost to Europe will continue to rise.
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