The Economist reports that Ukraine faces a potential default as the debt freeze is set to expire on 1 August, with only a fraction of international assistance being provided as direct cash support. German Foreign Minister Annalena Baerbock stressed that supporting Ukraine is an investment in European security rather than a "charity gesture".
Speaking at a conference on Germany's National Security Strategy, Annalena Baerbock stressed that the country is committed to protecting "every square centimeter" of Europe, emphasizing that supporting Ukraine is essential to this goal.