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Brussels is urgently seeking to address a projected $19bn budget shortfall for Ukraine next year, amidst dwindling US support and a lack of ceasefire prospects with Russia. The European Commission is considering various options, including reallocating military support as off-budget grants, frontloading G7 loans, and leveraging immobilized Russian assets to ensure Ukraine’s financial needs are met before winter.
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Summary
Brussels is trying to find $19 billion to help Ukraine with its budget next year because support from the US is going down and there’s no peace with Russia in sight.
