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PodcastEconomist PodcastsOctober 21, 2026

Cash test: can Europe support Ukraine alone?

Europe is footing nearly all of Ukraine's costs but cannot replace unique US military capabilities like Starlink and Patriot defenses.

  • Europe bears the cost: Europe has extended a $90 billion loan to Ukraine for this year and next, with Kyiv now requesting $70 billion more for next year.
  • US holds unique capabilities: Only America can currently supply ballistic-missile early warning, Patriot interceptors, and SpaceX's Starlink, per diplomatic editor Anton La Guardia.

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