EU Starts Out on a Long, Costly Path to Putin-Proof Its Defense
- Bloc’s leaders gathered in Brussels for two-day summit
- Eurobonds and profits from frozen Russian assets among options
Leaders from European Union countries stand for a family photo in Brussels on March 22, 2024.
Photographer: Simon Wohlfahrt/BloombergThis article is for subscribers only.
The European Union is ready to get serious about fending off Russia – now it just needs to figure out how to pay for it all.
The EU’s 27 leaders this week kicked off what’s set to be months of difficult discussions over how to finance a major overhaul of its defense sector and how to dramatically step up aid to Kyiv amid heightened concerns that Russian troops are advancing in Ukraine and doubts about Washington’s commitment to Europe.