The EU proposes a loan for repairs to Ukraine using frozen Russian assets. The European Commission suggested that Euroclear Bank back the loan. The EU seeks to avoid harm to the international financial order. If it fails, the EU will seek other forms of support for Ukraine. Everyone should back this plan.
Ukraine’s energy sector, inherited from the Soviet era, faces modern challenges and dependence on Russian sources. Since the 2014 Revolution, Ukraine has been integrating with the EU and reforming its energy sector. The 2022 Russian invasion sought to cut off electricity, but Ukraine showed resilience. Prior to 2022, the sector was opaque and dominated by monopolies.
Europe needs a missile deterrent in the face of the growing threat from Russia, which demonstrated its military capabilities in 2025 with attacks on Ukraine. European air defense is insufficient to intercept large waves of missiles and drones, and Russia’s mass production of precision weaponry challenges European security. The need to invest in integrated air and missile defense systems, increase stocks of advanced missiles, and close technological gaps with the United States is highlighted to strengthen deterrence against potential Russian aggression.
Russian incursions into European airspace tense NATO, which must defend and deter threats. Trump’s ambiguity over the US commitment to Europe increases uncertainty. NATO assesses potential threats and proposes measures to strengthen security, including cooperation with Ukraine.
Europe faces challenges with Russian military aggression and Chinese technological advancements. The EU must seek strategic autonomy, reform policies, strengthen the defense industry, promote AI, and create an innovation agency for dual-use technologies. Additionally, drive a digital euro, integrate electrical grids, foster a circular economy for critical materials, and reform fiscal rules. Globally, avoid protectionism, lead rule-based trade agendas, and protect global public goods.
