Ukraine’s poorly timed heave in Washington – POLITICO

But Ukraine ignored the counsel of its Republican friends in Washington — many of whom are skeptical Trump will agree to give Ukraine Tomahawks under any circumstances, for fear of escalation and drawing the U.S. deeper into the war. That’s not even considering the Pentagon’s worries about the U.S.’s own stockpiles, which Trump himself mentioned to reporters on Friday.

By failing to drop the Tomahawk request, Ukraine squandered an opportunity to focus on a slew of other crucial items — foremost among them, air-to-air missiles for their F-16 and MiG warplanes and surface-to-air interceptor missiles for Patriot air-defense systems. Both are needed to shoot down drones and ballistic missiles, and Ukraine is desperately short of them because of the record airstrikes Russia is now mounting.

The focus on Tomahawks also distracted from other key asks, such as getting Trump’s approval for the use of immobilized Russian sovereign assets to fund Ukraine’s defense.

For his part, U.S. Treasury Secretary Scott Bessent is in favor of this proposal. The U.S. only holds $7 billion in Russian assets, but the EU’s big three in the G7 — Germany, France and Italy — want Japan and America actively involved, as they worry that tapping into the €140 billion in Russian assets held in Europe could undermine the euro’s global credibility. If Washington and Tokyo were to take similar action, their fears would be allayed.

There was also only limited progress on discussions about Ukraine importing liquefied natural gas (LNG) from the U.S., now that Russian airstrikes on Ukraine’s natural gas infrastructure have increased in both intensity and frequency. So far, Ukraine’s state oil and gas firm Naftogaz has bought around 0.5 billion cubic meters of U.S. LNG, but more will be needed if the country is to endure the winter. And earlier this month, Ukrainian Minister of Energy Svitlana Hrynchuk said Kyiv was aiming to increase its overall gas imports by 30 percent.

Along these lines, the country’s Minister of Economy Oleksii Sobolev noted last week that Ukraine was “considering mechanisms to finance the purchase of American LNG and compressor equipment.” But according to an official from America’s export credit agency the Export-Import Bank, who asked to remain anonymous as they’re not authorized to speak with the media, these discussions are now bogged down because Ukraine is objecting to the rather restrictive loan terms being offered. And the bank has only limited legal maneuver to amend the terms.