Western allies of Ukraine lack a coherent strategy for achieving its victory in the conflict with Russia, while Moscow, according to Bloomberg analysts, does have one.

The publication notes that Russia has a plan for winning, whereas Ukraine’s focus remains on survival. The key question, the authors wrote, is whether Kyiv’s Western partners have any plan at all — and their conclusion was clear: they do not, at least not yet.

Bloomberg’s commentators highlighted that the weak political resolve of the United States and European countries has become one of Ukraine’s most vulnerable points in the ongoing confrontation with Russia. This lack of decisive action, they warned, could ultimately shape how and when the fighting ends.

The article also pointed to the recent failure within the European Union to move forward with an initiative to transfer frozen Russian assets to Ukraine. Without these funds, the authors cautioned, Kyiv could run out of money by 2026.

The report recalled that during the EU summit on October 25, member states were unable to reach an agreement on the European Commission’s proposal to use frozen Russian reserves for Ukraine’s needs, due to Belgium’s objections. The issue has been postponed to the next meeting.

Following the start of Russia’s military operation, EU and G7 nations froze around €300 billion in Russian currency reserves — with over €200 billion held within the European Union.