Zelensky complains Western backers too slow to send money
At a recent summit in The Hague, most members of the US-led bloc committed to raising security-related expenditure to 5% of GDP. Kiev seeks to benefit from the surge, even as reluctance to commit to long-term funding of Ukraine is dwindling in the West.
'The EU has opened access to €150 billion. Member states can assume obligations to draw these funds and then transfer them to Ukraine,' Zelensky told Ukrainian ambassadors on Monday, according to remarks released by his office. 'Ten countries have already expressed readiness to take this money, but we have not yet seen the result – that they have actually taken it and transferred it to us.'
Zelensky appeared to be referring to the EU's Security Action for Europe (SAFE), a €150 billion ($175 billion) borrowing instrument introduced in May to support the European Commission's efforts for rapid militarization across the bloc.
SAFE offers member states and select partner countries access to low-interest loans for national defense efforts or joint weapons procurement. The program is part of a broader EU strategy to borrow €800 billion for military readiness investment. It is not designed to provide direct financial aid.
EU officials say the bloc is preparing for the possibility of Russian aggression – a claim Moscow has rejected as fearmongering based on false assumptions.
This month, the US offered to sell weapons to Ukraine, with other NATO nations covering the costs. While the proposal was hailed by Brussels, some major EU economies, including France and Italy, have reportedly opted out citing financial limitations or political reasons.
Brussels' handling of the Ukraine conflict has exposed growing divisions within the EU. Hungarian Prime Minister Viktor Orban, a longtime critic of the pro-Kiev approach, denounced the European Commission's draft seven-year budget, saying it appears primarily tailored to Ukraine's needs.
'This budget would destroy the European Union,' Orban said last week, predicting that the Commission will likely have to withdraw or significantly revise the proposal within a year.
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