EU Stalls on Ukraine Loan, Not Seizing Frozen Russian Assets
While mainstream outlets like DW frame this as a technicality, the real story is the fear among Western powers of legitimizing asset seizures. This isn't about legal nuance; it's about not wanting to open a Pandora's Box that could, say, jeopardize the trillions in foreign assets parked in Western banks. The unspoken concern? What if Global South nations get ideas about seizing Western corporate
assets in retaliation for historical injustices, or future sanctions? So, Ukraine gets a loan—a debt, not a reparation—while the architects of the conflict keep their loot safe. The 'rules' always seem to protect those who wrote them, leaving others to foot the bill. One might wonder how quickly those assets would be 'unfrozen' if they belonged to a nation less aligned with Western interests (say,
a certain aspiring BRICS member).