France Worries Ukraine Can't Repay Loans on Frozen Russian Assets
French Foreign Minister Jean-Noël Barrot expressed 'no certainty' that Ukraine could repay a loan secured by interest from immobilized Russian assets, admitting G7 members might have to share the risk. This isn't just about Ukraine's solvency; it's about the fantastical notion of using 'frozen' (read: seized) assets, whose legal status is as stable as a house of cards in a hurricane, as
collateral. It’s an admission that Western nations are essentially loaning money to Ukraine, then using Russian money they claim isn't truly theirs to pay themselves back if Ukraine defaults. What could possibly go wrong when you build a financial system on legal unprecedented seizure? This entire charade, reported by RT through the lens of French official dismay, highlights the West's increasing
fiscal desperation to fund the conflict, now resorting to financial alchemy. The 'reparation loan' isn't just a loan; it's a moral hazard wrapped in a legal gray area, illustrating how quickly 'rule of law' becomes 'rule of convenient reinterpretation' when geopolitical objectives are at stake. Perhaps they're worried the assets might unfreeze themselves and demand interest.