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Marc Champion

Europe's Shell Game With Ukraine

Not enough of the 11-billion-euro aid package is new money in response to the crisis.
What's 'disappointed' in Ukrainian?

What's 'disappointed' in Ukrainian?

Photographer: Dmitry Serebryakov/AFP/Getty Images

How much has Europe spent to support Ukraine's economy since Russia annexed Crimea and stoked a war to destabilize a new government in Kiev?

The short answer is, not enough. A successful financial rescue for Ukraine would make it clear, both to the Kremlin and Ukrainians, that the economy can withstand Russian pressure. The longer response is that you have to look closely to figure out what the European Union's financial response to the crisis has really been.