EU Prefers Borrowing Billions Over Touching Frozen Russian Assets
The mainstream narrative emphasizes the EU's commitment to Ukraine, framing this $105 billion loan as a strategic financial maneuver. What's omitted, of course, is the profound reluctance to tap into the estimated $300 billion in Russian central bank assets frozen since the 2022 invasion. Recall the US Treasury expressing similar reservations, citing 'legal complexities' and fears of destabilizing
the global financial system. One might wonder if the real 'complexity' lies in disentangling Western banks and corporations from their deep ties to Russian capital. So, instead of utilizing assets seized from an aggressor state, European taxpayers will now shoulder new debt, extending the financial entanglement of the war. It's a curious priority: protecting Moscow's frozen billions while piling
more financial burden onto EU citizens. How many more 'loans' will be floated before the West finds the courage to truly make the aggressor pay, rather than making its own citizens do so?