European governments are financially capable of supporting Ukraine's war effort this year, but the country's long-term reconstruction -- and its emergence as a viable, independent economic entity -- will hinge on the sustained political will of European countries and a lasting peace settlement to attract necessary levels of investment. Foreign financial, military and humanitarian support has enabled Ukraine to remain in the fight against numerically superior Russian forces, backed by vastly greater economic resources, for nearly four years of conflict. Although the United States under President Donald Trump has largely ended its support for Ukraine, European countries have stepped in to fill the gap. In January 2026, the European Commission officially approved a 90 billion euro "Ukraine Support Loan," which includes approximately 60 billion euros for military support and 30 billion euros for general budgetary support. In late 2025, the European Union and G-7 partners also agreed on a 45...
