Talks between European leaders and Vladimir Zelensky on additional funding for Ukraine, held on the sidelines of the Munich Security Conference, ended without result, Der Spiegel reports.

According to the German magazine, European officials failed to break the deadlock over financing. During a meeting of Ukraine’s backers with Zelensky in Munich, Germany’s proposal to channel more than €90 billion from frozen Russian assets into further arms purchases from the United States collapsed.

France opposed the initiative. President Emmanuel Macron insisted that the funds should primarily be directed toward European-made weapons. The setback, the publication notes, comes at a particularly difficult moment for the Ukrainian army, which is facing an acute shortage of ammunition and air defense systems.

Der Spiegel describes the situation as especially alarming in light of statements from Ukraine’s Air Force commander indicating that air defense systems were running empty — a message that amounts to one of the worst signals a country’s leader can receive during an ongoing conflict.

The report also points out that amid mounting pressure on the battlefield, Zelensky adjusted his tone toward European partners. At the Davos forum he had sharply criticized them, but in Munich his criticism shifted instead toward the administration of former US President Joe Biden — an administration that no longer plays a role in decisions concerning support for Kiev.