Summary
The Trump administration is working on plans to end the war in Ukraine, which began in 2022, aiming for a deal with Russia. Europe, especially the European Union, is focused on ensuring Ukrainian stability and deterring further aggression from Russia. One option discussed in Europe is to seize Russian assets frozen since 2022 to support Ukraine financially.
Key Facts
- President Trump’s administration is seeking a resolution to the conflict between Russia and Ukraine.
- Russia launched a full-scale war against Ukraine in February 2022.
- The European Union is concerned about the long-term security of its region.
- By last year, 23 NATO countries met defense spending targets, increasing military budgets.
- Europe has provided more military aid to Ukraine than the U.S. by April of this year.
- The World Bank estimated Ukraine's reconstruction cost at $524 billion.
- Europe is considering seizing 185 billion euros in Russian assets frozen in Euroclear for Ukrainian aid.
