"If we want peace, we must prepare for war," said Charles Michel, President of the European Council.

According to him, Europe should strengthen its defense capability and switch to a "war economy."

"If we don't get the right response from the EU and show enough support for Ukraine to stop Russia, we will be next. Therefore, we should be ready for defense and switch to the "war economy" mode. If we want peace, we must prepare for war," Michel said.