Decisions that will shape the country’s ability to continue the war are increasingly being made outside Kyiv, as Ukraine’s military effort depends heavily on sustained international funding and military assistance. European governments were expected to offset any reduction in American financial support, and several major commitments have been announced. Hungary lifted its veto on the €90 billion Ukraine Support Loan in April, allowing the European Union to finalise the package. Only a small portion of the approved €90 billion has reached Ukraine, while European Commission projections indicate Ukraine still faces a substantial defence funding gap in both 2026 and 2027. As long as promised funds continue to arrive more slowly than Ukraine’s military needs grow, Moscow can continue betting that time remains on its side.