Europe
Pascal Kohler – the herald of Kaja Kallas
Editor’s Note: Moscow-based Swiss geopolitical analyst and legal expert Dr. Peter Hänseler responds to Swiss officer Pascal Kohler’s article published in ASMZ, which targets military analyst Jacques Baud. In his article featured on Forum Geopolitica, Hänseler proves that Kohler’s claims regarding subjects such as Bucha, Skripal, Navalny, and the Ukraine war contradict the actual statements found in Baud’s books, and accuses Kohler of plagiarizing from Wikipedia without citation. Furthermore, he points out that Kohler distorted Baud’s analyses to slander him, producing a smear piece with an amateurism unbecoming of an officer.
Kohler’s article in the Allgemeine Schweizerische Militär Zeitschrift (ASMZ)
On 30 December 2025, the ASMZ published an article by Kohler entitled «Kognitive Zermürbung: Die Logik hinter dem Fall Baud» (‘Cognitive attrition: The logic behind the Baud case’). This article is a vicious, defamatory attack on the most objective military analyst in the Western hemisphere, Jacques Baud.
In the lead-in to the article, Kohler does not describe the sanctions as ‘a blow to the freedom of expression of an individual’. He describes them as ‘rather a precise intervention in the logistics of modern hybrid warfare’, deliberately omitting what he believes ‘hybrid’ warfare to mean. Kohler thus insinuates that the EU is waging war – nota bene against a fellow Swiss officer – and that this justifies the suppression of freedom of expression. Kohler not only supports the EU’s sanctioning of Baud, but also assures the EU of the Swiss army’s support in this fight. It can be assumed that the Swiss army leadership is behind this strategy, otherwise a subordinate would not have written such an inflammatory article on the ASMZ website. However, I was unable to find any confirmation of this.
Kohler does not work carefully; rather, it seems that he did not even formulate his specific accusations against Baud himself, but simply copied them from Wikipedia, without citing the source, of course. This is plagiarism from a source that no serious geopolitician would touch.
On the ASMZ website, he describes his work as follows:
‘He is currently Head of International Cooperation & Training in the Operations Command, responsible for coordinating and implementing international training and engagements.’
— Pascal Kohler, ASZM
Whatever this verbiage may mean, Kohler is head of training, and as head of training, he must set an example. A role model does not copy information from Wikipedia without citing the source and sell it as his own. In addition, Kohler deliberately neglects the real sources completely; those sources that contain Baud’s statements – the books by Jacques Baud himself.
The work of Jacques Baud
Jacques Baud’s real statements on many geopolitical issues are exhaustively covered in his books, which are pure analyses and in which Baud relies exclusively on Western and Ukrainian sources.
In none of his publications has Baud ever taken sides in any of the conflicts he has analysed. Jacques Baud’s statements in his books are exhaustive, as he does not use social media channels. We therefore compare the statements made by Kohler with the statements actually made by Jacques Baud.
Preliminary remarks on the defamatory statements
I have carefully read all the passages on all the topics raised by Kohler in his pamphlet in Jacques Baud’s books. Baud’s analyses are very accurate, detailed and clearly referenced with footnotes and sources, as befits a scientific work.
In order to make this article manageable for readers in terms of length, I will analyse Kohler’s slander regarding Butscha in detail by quoting longer passages from Baud’s books.
For the other topics – Skripal, Navalny, etc. – I will limit myself to quoting short passages from Baud’s work, which does not mean, however, that Baud has not written detailed analyses with references for all topics.
Bucha – 2022
Regarding Bucha, Kohler writes the following:
‘In the case of Bucha, he interprets the documented massacre as having been planned by the British and carried out by the Ukrainians – a thesis that contradicts German intelligence recordings of Russian soldiers’ conversations about killings and satellite images of corpses during the Russian occupation.’
— Kohler, 30 December 2025
Jacques Baud wrote the following in his book ‘Operation Z’ in 7.3.2:
“[…] What exactly happened there? No one knows. But some civilians were executed, while others appear to have been collateral victims of the fighting. As for responsibility, Ukraine accuses the Russian army, while Russia claims it was a fabrication.”
Baud describes the sequence of events as follows:
| Date | Incident/Facts |
|---|---|
| March 29 | The Russian command decides to withdraw troops west of Kyiv toward Donbas to launch phase 2 of the operation. |
| March 30 | The Russians are leaving. |
| March 31 | Anatoliy Fedoruk, mayor of Bucha, announces the withdrawal of Russian forces on Telegram[i] with satisfaction. He makes no mention of corpses or massacres: “March 31 will be remembered in the history of our community of Bucha as a day of liberation. Liberation by our Ukrainian armed forces from the Russian ‘orcs’, the Russian occupiers. That is why I am declaring today a day of joy. A joyful day and a great victory for the Kyiv region! And we will certainly wait for there to be a great victory throughout Ukraine.”[ii] |
| March 31 | The Ukrainian media company Unian confirms the withdrawal of Russian forces and reports on statements made by the mayor of Bucha, without mentioning the bodies or massacres in the city[iii]. |
| April 1 | Ukrainian forces are combing the area in search of saboteurs and Russian collaborators (a Ukrainian video shows Ukrainian paramilitaries asking to be allowed to shoot those who are not wearing blue armbands). |
| April 1 | A video shows corpses on the street that have not been there for three weeks, but whose positions resemble those in the satellite images from March 11. Some are wearing white armbands, others have their wrists bound with white cloth, others have Russian aid packages with them, and others were executed in a basement. |
| April 2 | Ukrainian blogger Dimitry Komarov roams the city and shows the damage left behind after the Russian troops withdrew. He makes no mention of corpses or massacres[iv]. On the same day, the Ukrainian news site Unian reports that special forces have “liberated the city from saboteurs and collaborators with Russian troops”[v]. The SAFARI unit of the Ukrainian police enters the city to carry out mine clearance and demining work in case the Russians have mined the city. The video[vi]shot by the unit does not show a massacre, but access to it via YouTube is restricted. |
| April 3 | Ukraine accuses Russian forces of committing a massacre on the streets of Bucha. Reports of a mass grave actually refer to the exhumation of a previously registered burial site in the church cemetery on March 13. |
On April 4, the New York Times publishes a satellite photo of the scene from March 11, 2022, almost three weeks before the “discovery” of the bodies[i] (the date of which is later changed to March 19 for no reason). Two facts are surprising: that the Russians allegedly left the bodies lying on the street for three weeks, even though they had carefully buried other victims in the area during that period, and that the bodies remained in exactly the same position during that entire time.
It is also known that the New York Times image was provided by Maxar, a company that works for the US government. We also know which satellites Maxar uses, their trajectory, their position at a given time, and their overflight times. Using this information and measuring the shadows, we can determine exactly on which day the photo was taken. A group of independent Russian analysts was able to determine that the photo was taken on April 1 at 11:57 GMT (2:57 p.m. local time) [ii]. This is confirmed by traces of a violent thunderstorm that hit the city on the night of March 31 to April 1. Strangely, Maxar does not provide images of this area for March 21 and 23, even though they are listed in the catalog.
Furthermore, other facts give cause for caution:
- On April 4, the Pentagon announces that it is unable to confirm Russia’s responsibility in the Bucha affair.
- Ukrainian Socialist MP Ilya Kiva[iv] reveals on Telegram that the Bucha tragedy was planned by the British intelligence service MI6 and carried out by the SBU[v].
- In June 2022, Italian television station TG24 investigates the killings and crimes against civilians who allegedly collaborated with Russian forces and concludes that this was the case in Bucha.
- Other images from Maxar taken in the same area at a different time “weigh” 100 MB, while the image of the “massacre” is barely 50 MB, suggesting that it has been manipulated to conceal manipulation.
None of this proves anything in itself, but it shows that what is presented to us as indisputable is anything but clear.
As Ignazio Cassis, Swiss Foreign Minister, explains:
“These are not war crimes unless a court has determined that they are.”
— Ignazio Cassis, April 7, 2022
Slander 1: Baud never wrote or said what Kohler claims
Baud never claimed that Bucha was planned by British intelligence. He clearly stated that no one knows what happened there.
In his remarks, Baud merely quotes a post on X by Ukrainian MP Ilya Kiva, who was murdered in Moscow on December 6, 2023. On December 6, 2023, the BBC reported that Kyva had been murdered by the Ukrainian secret service SBU.
Against his better judgment, Kohler is passing off the statement made by the murdered Kiva as a statement made by Baud.
Baud agreed with Federal Councilor Ignazio Cassis, who stated on Swiss television on April 7, 2022:
“These are not war crimes as long as no court has determined that they are.”
— Ignazio Cassis, April 7, 2022
Skripal – 2018
Regarding Skripal, Kohler writes the following:
“In the case of the attack on Skripal in 2018, he interprets the proven nerve agent as something else.”
— Kohler, December 30, 2025
Jacques Baud wrote the following in section 8.6.5 of his book “Fake News”:
We will limit ourselves here to two quotes from Baud’s book; the entire analysis can be found in the book.
“Furthermore, the initial report compiled after the victims were admitted to hospital mentioned fentanyl poisoning, as Radio Free Europe/Radio Liberty reported in September 2018, without mentioning ‘Novichok’[i]. The Salisbury Journal of March 5 also mentions possible fentanyl poisoning[ii]
“The silence of the British and Western authorities on this issue suggests that the analysis was unable to confirm Russia’s guilt. But in fact, we know nothing about it.
Slander 2: Baud never wrote or said what Kohler claims
Baud does not interpret anything; he analyzes the official findings and statements with precise references and concludes that the analyses cannot confirm Russia’s guilt – nothing more.
Navalny – 2020
Regarding Navalny, Kohler writes the following:
“In the Navalny case in 2020, he claimed it was a mafia act, even though the use of Novichok was verified by independent OPCW certification laboratories and the involvement of FSB agents was proven.”
— Kohler, December 30, 2025
In his book “The Navalny Case,” Jacques Baud wrote the following in section 7.1:
“Analysis of the Navalny case shows that at every stage of the proceedings, the explanations that were systematically selected from the range of possible explanations were those that fit the narrative of poisoning with Novichok and thus must have been ordered by Vladimir Putin. The fact that Skripal and Navalny’s symptoms were completely different, that neither of them showed symptoms of nerve agent poisoning, that neither of them showed the long-term effects associated with Novichok poisoning, or that Novichok was also produced by Western countries, did not cause the media or politicians to exercise caution.
On the contrary, foreign policy is being shaped and measures with uncertain consequences are being taken based solely on the telephone “confession” of an agent whose identity and status no one could verify, and on secret military reports.”
“Since the reports from the German, French, and Swedish laboratories and the OPCW are classified as secret, we do not know their content. However, it can be assumed that if their conclusions had clearly confirmed the presence of Novichok, they would have been published in more detail.”
Slander 3: Baud never wrote or said what Kohler claims
Baud never used the term “mafia-like” as claimed by Kohler. In his detailed analysis, Baud merely concludes that the German, French, and Swedish laboratories were unable to verify the “desired” result. Kohler’s claims that Novichok and the involvement of the FSB have been proven are false.
Osama bin Laden – 2001
Regarding Osama bin Laden, Kohler writes the following:
“On historical events: Baud claimed that Osama bin Laden had nothing to do with September 11.”
— Kohler, December 30, 2025
Jacques Baud wrote the following in his book Gouverner par les Fake News (Governing by Fake News) – Section 5.4:
In June 2006, Rex Tomb, head of public affairs for the FBI, confirmed:
The reason “9/11” is not mentioned on the Osama bin Laden wanted poster is that the FBI has no evidence linking Bin Laden to “9/11”[iii] .
Slander 4: Baud never wrote or said what Kohler claims
Nowhere in his books did Jacques Baud ever claim that Osama bin Laden had nothing to do with September 11; he merely analyzed Western sources and concluded that not much was known about the origins of 9/11.
Cause-and-effect relationship Ukraine conflict – 2021
Regarding the Ukraine conflict in 2021, Kohler writes the following:
“He reverses the cause-and-effect relationship with regard to the invasion of Ukraine. He claims that Ukraine provoked Russia by attempting to recapture Donbass in 2022. To support his claims, he quotes a statement made by Zelensky’s advisor Arestovich in 2019, which, however, was an analytical warning of a possible Russian invasion, i.e., a security policy forecast that later tragically came true.”
— Kohler, December 30, 2025
Jacques Baud wrote the following in his book Ukraine Between War and Peace – Section 3.1:
“Ukraine’s accession to NATO is therefore only possible if Russia is unable to threaten it. Russia must therefore suffer a crushing defeat that destroys its economy, triggers a revolution and regime change, or even leads to the division of Russia into smaller entities. This is exactly what Arestovych explains: “Our price for joining NATO is a war against Russia and its defeat.” He even mentions the expected date of this war: “2021 or 2022”[iv] !”
Slander 5: What Kohler claims, Baud never wrote or said
Jacques Baud never reversed the cause-and-effect relationship regarding the invasion of Ukraine. He merely quotes from an interview with Olekseï Arestovych and explains his thoughts.
Conclusion
It is somewhat astonishing that a career officer in the Swiss army, who is also responsible for training, would write such an easily refutable pamphlet or hate speech against a former colleague, thereby stabbing a colleague who has been weakened by sanctions in the back. The question of whether he did so on behalf of a superior remains unanswered.
This pamphlet is characterized not only by malice, but also by an almost incomprehensible amateurishness. One can only hope that Jacques Baud will not let this primitive and actionable attack go unchallenged, but will hold this person, who does not deserve to wear an officer’s uniform, accountable. It remains to be seen how long this person’s superiors will stand by him. A training officer convicted of defamation would be a first for the Swiss Army.
References:
[i] Ron Synovitz, „Name Your Poison: Exotic Toxins Fell Kremlin Foes”, Radio Free Europe/Radio Liberty, September 18, 2018
[ii] “Man found seriously ill in Maltings, Salisbury, is former Russian spy Sergei Skripal,” www.salisburyjournal.co.uk, March 5, 2018.
[iii] http://www.historycommons.org/entity.jsp?entity=rex_tomb_1
[iv] „Predicted Russian – Ukrainian war in 2019 – Alexey Arestovich”, YouTube, March 18, 2022 (https://youtu.be/1xNHmHpERH8).
[i]. Carole Landry, „The Horror in Bucha“, The New York Times, April 4, 2022 (https://www.nytimes.com/2022/04/04/briefing/russia-ukraine-war-briefing-bucha-warcrimes.html)
[ii]. https://t.me/rybar/30599
[iii]. „Pentagon can’t independently confirm atrocities in Ukraine’s Bucha, official says”, Reuters, April 4, 2022 (https://www.reuters.com/world/pentagon-cant-independently-confirm-atrocities-ukraines-bucha-official-says-2022-04-04/?taid=624b43bd3225ef0001288ec4)
[iv]. https://en.wikipedia.org/wiki/Illia_Kyva
[v]. https://t.me/intelslava/24353
[vi]. Jacopo Arbarello, „Guerra in Ucraina, la questione dei collaborazionisti filorussi” (War in Ukraine, the issue of pro-Russian collaborators), Sky TG24, June 7, 2022 (https://tg24.sky.it/mondo/2022/06/06/guerra-russia-ucraina-filorussi)
[i]. https://t.me/vityzeva/52988.
[ii]. „Bucha liberated from Russian invaders – mayor”, ukrinform.net, April 1, 2022 (https://www.ukrinform.net/rubric-ato/3445989-bucha-liberated-from-russian-invaders-mayor.html).
[iii]. Violetta Orlova, „Мер Бучі підтвердив звільнення міста від російських військ”, Unian, April 1, 2022 (https://www.unian.ua/war/bucha-novini-mer-buchi-zayavlyaye-pro-zvilnennya-mista-vid-okupantiv-novini-vtorgnennya-rosiji-v-ukrajinu-11769010.html).
[iv]„Буча после ухода русских военныхQ”, Kedrov Talks/YouTube, April 2, 2022 (https://youtu.be/72TZbAeKPSE).
[v]. Violetta Orlova, „У звільненій Бучі розпочали зачистку території від диверсантів та російських пособників”, Unian, April 2, 2022 (https://www.unian.ua/war/bucha-u-zvilnenomu-misti-rozpochali-zachistku-teritoriji-vid-diversantiv-ta-rosiyskih-posobnikiv-novini-kiyeva-11770498.html).
[vi]. https://youtu.be/Z7yIyNBMpQY.
Europe
Fico accuses Merz of blackmail over threat to veto EU budget
Slovak Prime Minister Robert Fico has hit back after German Chancellor Friedrich Merz threatened to veto the EU budget unless funding for Ukraine is secured.
Merz said he would block the EU’s seven-year budget if no agreement is reached on financial assistance for Ukraine.
The chancellor’s intervention has angered Central European leaders who are net beneficiaries of EU funds but do not want to take part in the next round of funding to support Ukraine’s war effort.
“What the chancellor is doing is typical blackmail, and I will not bow to it,” Fico told reporters in Bratislava.
Fico spoke alongside his Czech counterpart, Andrej Babiš, whose government has refused to participate in a future loan to Ukraine.
“I do not know why he said this,” Babiš said, referring to Merz’s stance.
Merz wants EU leaders to discuss Ukraine’s financing needs at a summit in Dublin on Friday.
In a letter to European Council President António Costa, who will chair the meeting, obtained by The Guardian, Merz wrote:
“We must maintain our support for Ukraine in its struggle to defend itself. This is our shared vital interest. Yet bilateral aid provided to Ukraine is distributed unevenly, with the burden shouldered mostly by only a few member states.”
The EU agreed last year to provide a €90 billion loan to Ukraine, intended to cover two-thirds of its military and civilian spending for 2026 and 2027.
Since then, however, Russia’s relentless bombardment has placed a heavier financial burden on Kyiv, prompting President Volodymyr Zelenskyy to ask for €70 billion to plug the budget deficit.
The EU has endorsed Zelenskyy’s figures and pledged to find €45 billion. Ukraine’s other allies, such as Britain and Canada, are expected to cover the rest.
Last year, Merz launched an initiative to tap €210 billion in frozen Russian state assets held in the EU, but the plan fell through due to opposition led by Belgium, which holds most of the funds in Brussels.
The €90 billion loan was the backup plan. Having opted out of that loan, Hungary, Slovakia, and Czechia indicated that they would not take part in the next round either.
Bulgaria joined these three member states following the election of Prime Minister Rumen Radev last April.
The question of funding for Ukraine is now spilling over into the fraught negotiations on the 2028-34 EU budget.
Germany, the largest net contributor, wants substantial cuts to the proposed budget and opposes the EU providing generous funding to member states that refuse to contribute to Ukraine’s financial needs.
Merz states in his letter that a “collective commitment without exceptions” is a “fundamental prerequisite” for closing Ukraine’s financing gap and for “discussing other matters, particularly those with financial implications.”
He also notes that, in the context of the EU’s next seven-year budget, known as the Multiannual Financial Framework, all member states must contribute to a “robust” financial perspective for Ukraine from 2028 onwards.
A German government official said:
“For the Multiannual Financial Framework (MFF) to be successfully concluded, it is vital that all EU member states provide financial support to Ukraine.”
Berlin is also aiming to shift decision-making on funding for Ukraine from unanimity to qualified majority voting, in an effort to prevent a single government from blocking EU decisions.
The letter reflects mounting frustration among the EU’s northern member states, Ukraine’s most generous backers, over lower contributions from other EU countries in Central and Southern Europe.
The task of brokering an agreement on the budget falls to Costa, the former Portuguese prime minister.
Costa wants a deal by the end of the year, ahead of elections in France, Poland, and Italy in 2027 that could complicate the process.
A spokesperson for Costa confirmed receipt of the letter without elaborating on details. “President Costa will dedicate time to the Ukraine issue at the informal European Council meeting in Dublin this week,” the spokesperson said, adding that funding for Ukraine would be addressed at a dedicated summit on the EU budget scheduled for 26-27 November.
Europe
EU expects next Israeli government to adopt less aggressive posture
The EU expects the next Israeli government to mend its “difficult relationship” with Brussels and adopt a more constructive approach toward Gaza and illegal settlements.
Israeli President Isaac Herzog tasked Gadi Eisenkot, the leader of the anti-Netanyahu bloc, on Sunday with forming a government.
Eisenkot stated that the country faces a “catastrophic diplomatic crisis” as traditional allies begin to reassess their relations with Israel.
Speaking to Rapporteur, several European diplomats stationed in Tel Aviv said they expect ties to get back on track.
“Whatever government comes in, we can try to revitalize relations because Israel is clearly a very important partner,” one European diplomat said, adding that Brussels expects the next administration to be “less aggressive”.
The diplomat noted that relations with Europe are currently “not very good”.
Israel cut off communication with Kaja Kallas, the EU high representative for foreign affairs and security policy, after Rapporteur revealed in June that she had compared Israel to apartheid-era South Africa during a visit to Mexico.
The diplomat stated that this decision, taken ahead of elections, was political in nature. A second European diplomat based in Brussels explained that the announcement came only a few days before an official visit by Dubravka Šuica, the European commissioner for the Mediterranean.
“This could have been interpreted as a tactic to divide Europe, but Israel had asked Kallas to deny the report; she did not do so,” the second diplomat said.
Brussels has repeatedly voiced its frustration with Israel over the humanitarian crisis in Gaza and the expansion of West Bank settlements.
However, EU governments blocked almost all sanctions proposed by the European Commission.
A third diplomat said opposition parties would “almost certainly take the issue more seriously” when it comes to tackling violence by West Bank settlers:
“We see Palestinians being expelled from their homes and new illegal settlements being built in the West Bank. There is a reluctance on the part of the current government to address this issue, which causes problems in our relations.”
The new government is expected to ease pressure on Palestinians and halt construction of the E1 settlement project, a controversial plan to build settler housing in the West Bank east of Jerusalem.
“They will probably try to deal with the problem of extremist settlers in the West Bank,” the diplomat added.
On Gaza, the diplomat described the situation as “a complete nightmare”, with two million Palestinians crowded into an area that accounts for roughly 35% of the territory.
“There are not enough tents for the winter, and not enough vaccines are reaching the area despite an increase in diseases,” the diplomat said.
The European official argued that Donald Trump’s peace plan met all the conditions for Europe. Although the EU had much to offer, neither the US nor Israel appeared interested in EU involvement in the process.
“We are currently training Palestinian police in the West Bank, and if permitted, we could do the same in Gaza,” the diplomat said.
The diplomat disclosed that Israel had agreed with Šuica that Europe would finance two projects aimed at improving sewage and water infrastructure in Gaza, continuing:
“However, none of these projects has started yet because there is a serious problem with dual-use goods. Getting materials into Gaza is very difficult because the Israelis say they could be misused if they fall into the wrong hands of Hamas.”
Israel insists that Hamas must be disarmed before subsequent phases of Trump’s plan can proceed.
With disarmament unlikely to happen in the near term, the EU argues that certain measures can be carried out in parallel.
“We can begin rebuilding sanitation systems in Gaza. We can start building desalination plants. We can begin providing energy and water to Gaza,” one diplomat said.
While Brussels hopes for progress on Gaza and the West Bank, it maintains that expectations regarding the establishment of a Palestinian state need to be “managed”.
The EU continues to advocate a two-state solution, yet most leading Jewish parties oppose the creation of a Palestinian state.
The diplomat noted that the next Israeli government will likely have “a very slim majority and not much room for manoeuvre”.
There is also a “major misunderstanding” between the EU and Israel that must be addressed. According to the diplomat, Europeans fail to recognize the “psychological impact” of 7 October on Israelis.
“This event changed the country and made the two-state solution even more distant than before,” the diplomat said.
In return, some Israeli politicians believe Europe has betrayed Israel despite what they view as a fight against “Islamist terrorism”.
“Their argument is that European politicians are somewhat afraid of the Muslim population in Europe,” the European diplomat said.
Europe strongly opposes Iran and the possibility of Tehran acquiring nuclear weapons, imposing sanctions in response.
However, the diplomat argued that the EU would not participate in a war because it lacks a common army:
“We are a diplomatic and economic power, which is why we resort to sanctions and diplomacy. The expectation that we would take part in a military operation is unrealistic.”
Europe
Germany threatens EU budget veto over long-term Ukraine aid
Germany has threatened to veto the European Union’s joint budget for the 2028-2034 period, which is currently under negotiation, unless every member state commits to providing financial support to Ukraine in 2027 and subsequent years, German Chancellor Friedrich Merz warned.
According to a report by the Financial Times (FT), Chancellor Merz set out Berlin’s condition for the budget talks in a letter addressed to European Council President António Costa.
In his letter, Merz wrote: “A collective commitment that every single one of us, without exception, will make a fair contribution to closing Ukraine’s budget deficit is an indispensable prerequisite for resolving this budget issue and, in particular, for addressing subsequent matters that carry financial implications.”
The German Chancellor stressed that a formula backed by all member states must be established to provide Ukraine with a reliable, multi-year financial perspective starting from 2028.
Merz also insisted that any agreed solution must cover the interest payments on debts incurred to finance the assistance provided to Kyiv.
Conversely, several countries within the bloc have cut financial aid to Ukraine, and the number of capitals adopting this stance is projected to rise next year.
In December 2025, Hungary, Slovakia, and the Czech Republic approved the EU’s 90 billion euro loan package for Kyiv only on the condition that they would not contribute to its costs themselves.
Alongside these three countries, Bulgaria has also stated that it does not plan to participate in subsequent financial assistance packages for Ukraine.
In France, far-right leader Marine Le Pen, who could potentially win the presidential election scheduled for spring 2027, recently told the FT that Paris has run out of funds.
Le Pen assessed: “The honest approach is to tell Mr Zelensky clearly, and even warn him: ‘Look, we cannot do more. We have already allocated the 90 billion euro EU loan, in which France’s share amounts to 18 billion euros. 18 billion euros is genuinely a huge amount of money.'”
The EU’s 90 billion euro loan, covering the 2026-2027 period, aims to meet two-thirds of Ukraine’s financing requirements.
Brussels expects the remaining 45 billion euros to be covered by other partners, including Canada, the UK, Norway, Japan, South Korea, and Australia.
Germany remains the largest net contributor to the EU budget.
In contrast, the four Eastern European countries seeking to avoid financing Ukraine rank among the largest net beneficiaries of the bloc’s budget.
Leveraging this balance, Chancellor Merz aims to use his influence in the EU budget negotiations to secure uninterrupted support for Kyiv in 2027 and the years beyond.
According to the FT, Berlin is also demanding that future aid packages be decided by qualified majority voting rather than unanimity, which is required under the current system.
A German government spokesperson told the newspaper:
“The issue of Ukraine’s financial needs must be resolved within the framework of the next EU budget. Financial support for Ukraine from all EU members is decisive for the successful conclusion of the budget talks.”
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