Ukraine’s Cash Is Running Low, and Europe Has No Good Plan B NYT | Top Stories By: Jeanna Smialek 18 November 2025 at 00:08 The European Union wants to finance Ukraine’s war efforts using a loan based on Russia’s frozen assets in Belgium. If that falls through, there’s no easy alternative. © Mauricio Lima for The New York TimesA memorial to fallen soldiers in Ukraine this month. The scale of the devastation from Russia’s full-scale invasion of Ukraine continues to mount.