, Columnist
Europe Shouldn’t Let Ukraine Go Into Default
The EU is far behind the full amount it promised Kyiv. It shouldn’t allow bureaucratic and political dysfunction to hurt the war effort
Waiting in line for free food distributed by a charity in central Ukraine.
Photographer: Julia Kochetova/BloombergThis article is for subscribers only.
The European Union cannot let Ukraine default.
For six months, the country has been fighting a war on two fronts: repelling the Russian army on the battlefield while countering an economic blitzkrig that is fast degrading its frail economy. The EU pledged to keep Ukraine's economy afloat in the face of aggression — and it must not allow bureaucratic and political dysfunction to get in the way now.