Republicans propose new support plan for Ukraine: funding via Europe and creation of a U.S. fund
Discussions around supporting Ukraine economically and militarily are once again intensifying in the United States, with a focus on innovative funding mechanisms.
Two leading Republican senators have introduced a new bill in the Senate aimed at involving U.S.
allies in financing the supply of American weapons and military equipment to Ukraine.
Unlike previous initiatives, this legislation envisions establishing a dedicated fund within the U.S.
Department of the Treasury, which would accumulate billions annually to support Ukrainian resistance.
Named the PEACE Act (Providing Equipment and Capabilities to Ensure Allies Can Thrive), the bill was drafted by Senators Roger Vicker and Jim Rish.
This legislative initiative is among the most detailed to date, outlining specific mechanisms through which the Trump administration could implement plans for rearming Ukraine with the help of European partners.
Experts highlight that creating such a fund would facilitate not only direct military supplies but also the replenishment and restoration of U.S.
arsenals, which are depleting due to aid to Kyiv.
The fund is expected to gather approximately $5–8 billion each year, with significant contributions anticipated from countries like Germany and the United Kingdom.
Within this context, the American Institute for International Politics notes the possibility of using frozen Russian assets to finance weapons for Ukraine.
This strategic move would further bolster military support, especially as U.S.
and European weapon production for Ukraine has been ongoing for years, though the process remains lengthy.
Senator Vicker emphasized that this approach offers the fastest way to arm Ukraine while minimizing strategic and military threats from Russia to the U.S.
and NATO.
“Together, these measures send a clear signal to Putin: refusal to engage in good-faith negotiations will come at a high cost,” he stated.
Sources mention that this idea has already been discussed with the White House, where it enjoys relatively strong support.
The plan foresees the legislation being incorporated into the annual defense budget prepared by Vicker’s committee.
No official comments from the White House or the U.S.
Treasury have been made yet.
Simultaneously, the bill aims to counter criticism from former President Trump, who argued that Europe should bear more responsibility for supporting Ukraine and strengthening NATO.
Amid rising geopolitical tensions, especially following recent diplomatic setbacks in efforts to achieve ceasefire in Ukraine, Trump has become more supportive of NATO’s role.
Since 2022, the U.S.
has provided Ukraine with nearly $66 billion in security assistance.
However, within Congress, which is increasingly dominated by Republicans, there is growing reluctance to approve new aid packages.
It’s important to note that President Trump could still supply weapons to Ukraine unilaterally through the use of drawdown authority—an emergency procedure allowing the rapid transfer of military supplies from existing U.S.
stockpiles, though overuse or misuse could weaken U.S.
defense preparedness.