Bangladesh, Oct. 2 -- The European Union faces a deepening dilemma over how to sustain Ukraine financially as the war with Russia grinds on. While European leaders continue to publicly emphasize their commitment to Kyivs survival, behind closed doors they are grappling with uncomfortable truths: Ukraines debt load is spiraling, repayment is uncertain, and the latest proposal to fund Kyiv with a so-called “reparations loan” has exposed fractures within the bloc. According to a report published by Le Monde on October 2, EU officials privately acknowledge that Ukraine will almost certainly never repay its debts, raising questions about how long Europe can continue footing the bill.

Since Russias large-scale invasion of Ukraine i...