Europe Ukraine latest: EU leaders hold emergency talks on increasing military spending for Ukraine

European Union leaders are holding emergency talks on Thursday on ways to quickly increase their military budgets after the Trump administration signaled that Europe must take care of its own security and also suspended assistance to Ukraine.

In just over a month, President Donald Trump has overturned old certainties about U.S. reliability as a security partner, as he embraces Russia and withdraws American support for Ukraine.

On Monday, Trump ordered a pause to U.S. military supplies to Ukraine as he sought to press President Volodymyr Zelenskyy to engage in negotiations to end the war with Russia, bringing fresh urgency to the EU summit in Brussels.

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Here's the latest:

Limited room to increase spending

European Commission President Ursula von der Leyen has proposed a plan to loosen budget rules so countries that are willing can spend much more on defense. Her proposal is underpinned by 150 billion euros ($162 billion) worth of loans to buy priority military equipment.

Most of the increased defense spending would have to come from national budgets at a time when many countries are already overburdened with debt.

France is struggling to reduce an excessive annual budget deficit of 5% of GDP. Five other countries using the euro currency have debt levels over 100% of GDP: Belgium, Greece, Spain, Italy and Portugal. Europe’s largest economy, Germany, has more room to borrow, with a debt level of 62% of GDP.

France steps in to provide military intelligence to Ukraine

France is providing military intelligence to Ukraine after Washington announced it was freezing the sharing of information with Kyiv.

French Defense Minister Sebastien Lecornu said, “Our intelligence is sovereign. We have intelligence that we allow Ukraine to benefit from.”

He added that following the U.S. decision to suspend all military aid to Ukraine, French President Emmanuel Macron asked him to “accelerate the various French aid packages” to make up for the lack of American assistance.

Russian ballistic missile kills 4 in Zelenskyy's hometown

In Ukraine, a Russian ballistic missile killed four people staying at a hotel in President Volodymyr Zelenskyy’s hometown during the night.

Zelenskyy said a humanitarian organization’s volunteers had moved into the hotel in Kryvyi Rih, in central Ukraine, just before the strike, including Ukrainian, American and British nationals. He didn’t say whether those people were among the 31 injured.

Russia fired 112 Shahed and decoy drones, as well as two ballistic Iskander missiles, at Ukraine overnight, the Ukrainian air force said.

Flurry of early morning meetings in Brussels

Friedrich Merz, the likely next chancellor of Germany, conferred in Brussels with summit chairman Antonio Costa over breakfast on how to fortify Europe’s defenses on a short deadline. Merz only days ago pushed plans to loosen the nation’s rules on running up debt to allow for higher defense spending.

At the same time, the 27-nation bloc was waking up to the news that French President Emmanuel Macron would confer with EU leaders about the possibility of using France’s nuclear deterrent to protect the continent from Russian threats.

The bloc will “take decisive steps forward,” Macron told the French nation Wednesday evening. “Member states will be able to increase their military spending” and “massive joint funding will be provided to buy and produce some of the most innovative munitions, tanks, weapons and equipment in Europe,” he said.