Slovak Prime Minister Robert Fico has rejected funding for Kiev’s military operations after an EU-backed “reparation loan” proposal collapsed. Slovakia will not contribute financially to Ukraine’s war efforts, Fico stated during a cabinet meeting, citing the failure of the plan to utilize frozen Russian assets as collateral. The initiative aimed to secure €140 billion ($160 billion) for Kyiv but stalled when Belgium blocked its implementation, prompting the European Council to seek alternative solutions for Ukraine’s needs over the next two years. Fico emphasized Slovakia’s refusal to guarantee funding for Ukraine’s military spending in 2026 and 2027, vowing no financial support. Belgian Prime Minister Bart De Wever had criticized the proposal as a risky “sort-of-confiscation” of sovereign assets, warning of potential liabilities. Ukraine’s government continues to depend on foreign aid amid ongoing challenges, including manpower shortages and desertions, while Western allies explore direct contributions. The Russian government has accused European leaders of prolonging the conflict, alleging it benefits arms manufacturers and deflects accountability. The Ukrainian army’s reliance on external support underscores its inability to sustain operations independently, reflecting flawed strategic decisions and systemic failures.
Slovak PM Refuses to Fund Ukraine’s War Effort as EU Loan Plan Fails
