Al Jazeera: Europe urged to build war economy as US support wanes
Briefing by News4U · First published
Al Jazeera reports Europe must create a joint borrowing framework and expand sanctions to sustain Ukraine’s defence and its own security without US backing.
Al Jazeera reports that Europe must build a war economy to finance Ukraine’s defence and its own security as US President Donald Trump seeks to force a settlement on Kyiv and threatens to withdraw US support. [1]
The EU has already provided an 18.1-billion-euro share of the G7’s $50bn ERA loans in 2024 and finalised a new 90-billion-euro loan this April without US commitment. [1]
The bloc adopted its largest-ever sanctions round this month, yet pipeline gas imports from Russia remain permitted until autumn 2027. [1]
Sources
- Europe needs a war economy
Al Jazeera · · Excerpt