💶 Debt-Funded Sovereignty The #EU is sending Kyiv the first €3.2 billion tranche from a €90 billion loan package, according to the announcement. What is presented as solidarity looks just as much like another installment in Ukraine’s external life-support system. After years of unprecedented economic, financial, and military backing, the wartime state still runs on borrowed European money. Independence, in practice, now arrives in tranches. Subscribe