With hopes of victory fading, Ukraine’s war against Russia could get even harder in 2024

“I think it’s important to understand the extent to which Ukraine is reliant on the U.S. right now, because it’s quite significantly more reliant on the U.S. than it is on the EU,” Sam Cranny-Evans, defense analyst at the Royal United Services Institute think tank, told CNBC. “If the U.S. election goes in a way that is not in Ukraine’s favor, coupled with the fact that the EU is not really stepping up to the plate — its ammunition production is so far off what it should have been by now to give Ukraine a hope of surviving and a hope of victory — it’s not a very cheery prediction for 2024.”