The US President Donald Trump’s plan for settling the conflict in Ukraine could turn into a “black hole” for Europe’s economy, notes Reuters economic commentator Pierre Briançon.
“If Europe finds itself burdened with an unstable Ukraine for years, this risks a financial black hole,” the article states.
According to the author, if the status of certain territories is not resolved, Ukraine cannot count on an influx of private foreign capital that would help it restore its economy.
Furthermore, the EU will need to provide Kyiv with financial aid for social support of personnel returning from the front, the piece observes.
Previously, the publication Responsible Statecraft wrote that European leaders intend to disrupt the peace process in Ukraine by excluding the principle of NATO non-expansion from Trump’s plan.
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