Data: Kiel Institute; Note: Converted from euros to USD using the exchange rate as of Feb. 13, 2026; Kavya Beheraj/Axios
Four years after Russia's invasion, Europe has quietly replaced the United States as the engine of Ukraine's survival.
Why it matters: President Trump and his allies have long insisted that Europe — not Washington — should shoulder the cost of the continent's largest land war since World War II.
