While it’s an improved situation, and really it’s Russia’s to lose at this point, not having US aid would be a fairly large functional hit to Ukraine. Specifically in the intelligence area, but even whatever the 400 million that the administration doles out from the USAI would be helpful. Ukraine’s debt continues to grow here and mitigating it is going to give Ukraine a better leg up in whatever this war endgame looks like.

I do think that Russia will likely have a major fiscal collapse later this year and we may see the end of this by mid 2027, so the 90 Billion the EU loaned may be the winning stroke.