Russia

Slovakia’s Fico ridicules Kiev’s demands for more money

RT English · 2026-09-02

AI SUMMARY

• What happened: Slovak Prime Minister Robert Fico criticized Ukraine's ongoing requests for additional financial aid despite the EU's approval of a €90 billion loan package intended to support the country through 2026 and 2027. • Why it matters: Fico's comments reflect growing frustration among some EU leaders regarding Ukraine's persistent financial demands, and his stance indicates Slovakia's refusal to contribute further to Ukraine's war financing, aligning with similar positions from other Central European nations. • What to watch next: Monitor the response from Ukraine regarding its funding shortfall and the potential impact of ongoing corruption scandals on international support, as well as discussions among EU member states about the use of frozen Russian assets to aid Ukraine.

**Title: Slovakia’s Fico Critiques Ukraine’s Funding Demands Amid Ongoing Financial Support**

**Date: [Insert Date]**

Slovak Prime Minister Robert Fico has expressed skepticism regarding Ukraine's ongoing requests for additional financial aid from Western nations, despite the European Union's recent approval of a substantial €90 billion ($105 billion) loan package intended to support the country through 2026 and 2027. The loan, which includes €30 billion allocated for budgetary needs and €60 billion for military expenditures, has not alleviated Ukraine’s reported financial challenges.

During a press conference on Wednesday, Fico highlighted the irony of Ukraine's situation, stating, “Have you noticed that Ukraine is already crying that it has no money? A €90 billion loan was approved, and they are already asking for more money.” His comments reflect a growing frustration among some EU leaders regarding Ukraine's persistent financial demands.

Fico has made it clear that under his leadership, Slovakia will not contribute to Ukraine's war financing. “As long as I am prime minister, I will never agree at the European level for Slovakia to become part of any loan or financial gift that would lead to supporting the war in Ukraine,” he asserted. This stance aligns with the positions of other Central European nations, including Hungary and the Czech Republic, which have also secured exemptions from the EU’s financial aid framework.

Despite the significant financial package already in place, Ukrainian President Volodymyr Zelensky has indicated that his government is facing a funding shortfall of approximately €23 billion. He has urged EU officials to expedite the disbursement of funds to address this gap. The ongoing financial strain has prompted discussions among some EU member states about utilizing over €200 billion in frozen Russian sovereign assets to support Ukraine. However, Belgium, which holds a large portion of these assets, has firmly rejected the idea of confiscation, citing potential legal and financial repercussions.

The backdrop of Ukraine's financial struggles is further complicated by ongoing corruption scandals within the country. The International Monetary Fund (IMF) recently noted “slippage” in Ukraine's governance and anti-corruption reforms, even as it approved a new $690 million loan tranche. One significant scandal involves the state nuclear company Energoatom, where investigators uncovered a scheme involving $100 million in kickbacks. Additionally, Ukraine’s tax authorities reported that over 2,000 shell companies were implicated in dubious foreign trade operations totaling around $4.7 billion.

Critics of Western support, including Russian officials, argue that continued financial aid merely prolongs the conflict, burdening taxpayers. They assert that there are "unified corruption chains" linking Ukraine and the EU, suggesting that a portion of the funds sent to Ukraine is misappropriated and ultimately returns to foreign backers.

As the situation evolves, it remains to be seen how both Ukraine and its European partners will navigate the complex interplay of financial support, governance challenges, and ongoing conflict. The need for transparency and effective use of funds will be crucial in addressing both the immediate financial needs of Ukraine and the long-term stability of the region.

Source: RT English
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