European leaders have officially launched the “Coalition of the Willing,” a multinational effort led by the United Kingdom and France to support Ukraine in its ongoing war with Russia. The coalition, formed in response to shifting global diplomacy and concerns over Russia’s expansionist agenda, aims to ensure Ukraine’s sovereignty and prevent further escalation in the region.

A Response to Trump-Putin Negotiations

The formation of the coalition gained urgency following a surprise phone call between former U.S. President Donald Trump and Russian President Vladimir Putin on February 12. The call, which took place without prior consultation with European allies, raised alarms across the continent, prompting European leaders to take a more proactive role in shaping the future of the conflict.

Since then, multiple high-level summits have been held, with French President Emmanuel Macron and UK Prime Minister Keir Starmer spearheading the initiative. “Our goal is clear: to secure peace,” Macron stated. “To do this, we must put Ukraine in the best possible position to negotiate and ensure a lasting peace for all Europeans.”

Who Is Part of the Coalition?

The coalition has grown rapidly, now including 33 delegations from across Europe and beyond. Leaders from Germany, Italy, Spain, Poland, Sweden, and other EU nations have joined, alongside representatives from NATO and the European Commission. Notably, Turkey, Australia, and Canada have also taken part in discussions.

However, some key countries remain absent. Austria and Malta have declined participation due to their neutral status, while Hungary and Slovakia, both NATO members, have resisted military support for Ukraine. The United States has not formally joined the coalition, though European leaders remain hopeful that Washington will provide some form of assistance, particularly in intelligence sharing and air defense.

Key Objectives of the Coalition

The coalition has outlined three main areas of focus:

1. Military Support for Ukraine – European nations have pledged continued military aid, including artillery, air defense systems, drones, and training programs to strengthen Ukraine’s armed forces.

2. Deployment of a ‘Reassurance Force’ – A new security force, composed of Western troops, will be stationed in Ukraine at key locations such as cities, ports, and power plants. The goal is to deter Russian aggression rather than engage in frontline combat. France and the UK have already committed soldiers, with Sweden, Denmark, and Belgium considering participation.

3. Strengthening European Defense Capabilities – The European Commission has proposed an €800 billion investment plan to enhance Europe’s defense industry, with Ukraine set to benefit from these funds.

Uncertainty Over U.S. Involvement

While European leaders have made diplomatic efforts to engage the U.S., there is little clarity on whether Washington will actively support the coalition. Trump’s administration has hinted at reducing American troop presence in Europe, raising concerns about long-term transatlantic security commitments.

Despite this, Starmer remains optimistic. “This is a force designed to deter and send a message to Putin that this peace deal will be defended,” he stated.

Next Steps

The coalition is now working to finalize details of the reassurance force, including troop numbers, locations, and operational structures. Ukrainian President Volodymyr Zelenskyy has invited military representatives to Kyiv to begin planning, with a follow-up summit expected in the coming weeks.

With Europe taking the lead, the coalition marks a significant shift in the West’s approach to the war, signaling that European nations are prepared to act independently if necessary to safeguard Ukraine’s future.

Russia has set forth a key demand for the restoration of the Black Sea Initiative—reconnecting its Agricultural Bank, Rosselkhozbank, to the SWIFT financial system. This request, which falls under the jurisdiction of the European Union (EU), comes amid ongoing negotiations between global powers on the war in Ukraine.

Partial Ceasefire and Black Sea Security Agreement

Following recent talks in Saudi Arabia, the United States announced that Russia and Ukraine had agreed to a partial ceasefire specifically covering energy facilities. While this fell short of the broader ceasefire pushed by former President Donald Trump, the parties also agreed on measures to ensure the safe navigation of commercial vessels in the Black Sea and to prevent their use for military purposes.

However, the Kremlin quickly detailed additional conditions, demanding the lifting of sanctions on food exports, fertilizers, agricultural machinery, and cargo insurance. Most notably, Russia is insisting that Rosselkhozbank and other financial institutions involved in agricultural trade be reinstated on SWIFT, a global messaging system that facilitates secure financial transactions.

EU’s Role and Sanctions History

SWIFT, headquartered in Belgium, falls under EU regulations. In response to Russia’s invasion of Ukraine, the EU removed several Russian banks from SWIFT in 2022, including Sberbank, Credit Bank of Moscow, and Rosselkhozbank. The exclusion was a significant blow to Russia’s financial system, as it restricted the country’s ability to conduct international transactions.

Rosselkhozbank, a state-owned institution, plays a critical role in facilitating payments for Russia’s agricultural exports, a major revenue source through the global sale of wheat, barley, and corn. While the EU has not directly sanctioned Russian agricultural exports, the banking restrictions have complicated payments for these transactions, leading to the collapse of the initial Black Sea Initiative brokered by Turkey and the United Nations.

Diplomatic Tensions and Uncertain Outcomes

The demand to reinstate Rosselkhozbank puts the EU in a difficult position. Granting this request could signal a willingness to make concessions, potentially encouraging Russia to seek further sanctions relief. However, refusing it could provoke tensions with the Trump administration, which is eager to secure a ceasefire.

President Volodymyr Zelenskyy has consistently opposed easing sanctions, arguing that they must remain in place until Russia ends its military aggression. European Commission President Ursula von der Leyen echoed this stance, stating that sanctions would only be lifted after Russia takes concrete steps toward peace.

As EU sanctions require unanimous renewal every six months, any member state could disrupt the process. Hungary, which has previously expressed opposition to sanctions, could leverage this situation to push for changes when restrictions are up for review on July 31.

Future of SWIFT and Global Financial Pressures

While the EU holds the power to reinstate Rosselkhozbank’s SWIFT access, the U.S. could signal leniency by ensuring that those engaging with the bank avoid legal repercussions. Analysts suggest that Russia’s demand may be a strategic move to test both Washington and Brussels, pressuring the EU to reconsider its stance on financial restrictions.

For now, the EU remains firm in its approach. France has indicated that sanctions should remain unless Russia agrees to a full ceasefire, reparations, and security guarantees for Ukraine. However, with negotiations ongoing and international pressure mounting, the debate over SWIFT and broader sanctions relief is unlikely to fade anytime soon.