EU Lends Ukraine €90 Billion, But Not From Seized Russian Assets
The EU is poised to lend Ukraine €90 billion for war and other 'needs,' as calmly stated by Deutsche Welle. This staggering sum, ostensibly from the EU budget, bypasses a rather large, frozen pot of Russian state assets—an estimated €260 billion (FT, May 2024)—that sit idly in European coffers. One might wonder if the 'other needs' include protecting these assets from any actual consequence for
Russia's aggression, ensuring European citizens carry the financial burden instead. This isn't merely financial aid; it's a colossal transfer of risk to European taxpayers, while the easiest and most morally justifiable source of funding remains off-limits. The silence surrounding the decision to avoid using Russian assets is deafening, begging the question: who truly benefits from this fiscal
shell game if not the European public?