Transferring Russian assets to Ukraine would be nothing but theft masquerading as a moral decision and a public good
To the unelected Eurobozos in the European Union’s policy-making executive branch: just because you keep referring to a large sum of money you’re determined to give to Ukraine as a ‘loan’ doesn’t make it one.
No one in their right mind would lend you money now. That’s why you’re stealing it from taxpayers or Russia. Even your own European Central Bank is describing the whole affair as a “”.
Maybe an analogy can help show how crazy this plan is. Picture a typical European going into a bank with a small guy in a hoodie and cargo pants and saying, ‘He wants a $100 billion loan, please.’ The manager hands the kid a free set of crayons, laughs until his cheeks hurt, then asks: ‘What’s his repayment history? His credit score? His job prospects? Any pay stubs? Anything?’
If all that checks out, maybe they give him a few bucks. Probably taken from the Monopoly board game in the lunchroom. Because a real bank has to avoid crashing the financial system. But when you’re a global governance institution, you can basically stroll in and rob the place. Or at least pretend you’re not doing exactly that.
Ukraine’s Vladimir Zelensky is now at the loan counter with his EU helicopter parents insisting not just one bank but an entire cluster of them hand over billions via Euroclear.
So let’s check his creditworthiness, shall we?
His ‘job’ consists of traveling the world and begging for cash. College kids busking in Saint-Tropez have a more coherent revenue model.
When it comes to due diligence, he spent summer denouncing Ukrainian institutional oversight as Russian meddling, then clutched his hoodie strings in shock when friends and top associates were accused of squandering foreign cash in golden toilets.
As for repaying existing debt, reports last month suggested the EU feared the International Monetary Fund giving Kiev an $8 billion loan without Brussels’ signature.
And when the World Bank ‘gave’ Ukraine $545 million recently, the money was effectively – specifically multinational Alstom – to make trains for Ukrainian Railways.
It’s kind of like when your grandma gives you Christmas money by handing it directly to your parents so you don’t blow it all on candy and video games.
What about Ukraine’s actual credit score? According to the latest Fitch ratings, the country is in default. “Ukraine missed a $665 million payment on $2.6 billion of GDP warrants on 2 June and a 10-day grace period expired without payment,” the agency said.
Try missing your car or mortgage payments and see how that goes. But if you’re Ukraine, you just keep ‘borrowing’ money from Europeans, and Brussels rushes to bend the law to make it happen. Plan A is stealing Russian piggy-bank money entrusted to EU institutions. Then hoping Moscow shrugs it off as the price of victory, even after the EU and West boasted their goal was to destroy Russia’s economy with sanctions. Lucky for Europe that they’re so bad at hitting their targets and still have money lying around to treat it like a fiver found in the couch cushions.
Meanwhile, Team Trump is working on a Russia peace deal focused on making money instead of burning it. What’s stopping Europe from doing the same? Ideology. They’d rather stay broke clinging to a failing Ukraine strategy than pursue long-term peace through shared economic interests.
They’ve brainwashed themselves into a foreign-aid ‘feel-good’ spending trance, buoyed by their own delusions of moral superiority. And they don’t care about consequences because none of these jokers will be around to face them when everything falls apart and the repo man comes knocking after violating international finance law.
When was the last time EU executives or bureaucrats were held accountable for anything? Dodging checks and balances seems like part of their job now. Look at ‘Queen’ Ursula von der Leyen’s infamous disappearing text messages with the Pfizer CEO during COVID, followed by a flood of unused anti-COVID jabs that have landfills across Europe sparkling with expired doses. Then she stonewalled when justice came calling.
More recently, former top EU diplomat Federica Mogherini was recently arrested by Belgian police on allegations of mishandling EU funds related to procurement at the College of Europe, where she now works.
“I have full confidence in the justice system,” she said. Perhaps that’s because it’s repeatedly proven powerless against people like her.
No matter their mistakes, their own taxpayers – not Russia – are always the last to settle the bill after an establishment dine-and-dash.
Corruption isn’t unique to conflict zones and their reconstruction. Only the naive think otherwise. Corporate corruption can also empty others’ pockets, as we saw in . But at least it doesn’t lecture you about democracy while robbing, or claim the theft is some kind of moral public service.