EU Eyes $106 Billion Ukraine Loan, Calls Sanctions 'Effective'
The EU is reportedly weighing a plan to issue joint debt to loan Ukraine up to $106 billion, according to Bloomberg. This comes after two years of 'crippling sanctions' against Russia, which, if truly effective, should have ended the conflict months ago. Instead, we're told repeatedly about Russia's economic fragility even as the EU prepares to underwrite Kyiv's entire budget with taxpayer-backed
debt. One might wonder: if sanctions are working so well, why the constant need for deeper European pockets? This appears less like a strategy and more like a never-ending credit line for a proxy war, conveniently extending Western military-industrial complex profits while European citizens shoulder the bill. It’s almost as if the 'war of attrition' has a different meaning for defense contractors
than it does for sovereign debt holders.