The EU Is Tethering Itself to a Sinking Ship

Strategic Culture Foundation Editorial
Strategic Culture Foundation

The criminal, irresponsible Euro elites like von der Leyen, Kallas, Merz, Macron, and NATO’s Rutte, are tethering the EU financially to a sinking ship.

European Commission President Ursula von der Leyen is pushing ahead with a reckless plan to confiscate over €200 billion in Russia’s sovereign wealth for the purpose of propping up the corrupt NeoNazi Kiev regime and prolonging a futile proxy war.

It is hard to imagine a crasser course of action. Yet the so-called European leadership around Von der Leyen is zealously steering towards disaster. At least the hapless captain of the Titanic tried to avert a collision with an iceberg. The Euro captains are heading full steam ahead.

Von der Leyen’s proposed scheme is fancifully called a “reparations loan” and pretends, through legalistic rhetoric, not to be a confiscation of Russia’s assets. But it boils down to theft. Theft to continue the bloodiest war in Europe since the Second World War, which marked the defeat of Nazi Germany.

Von der Leyen, a former German defense minister, is supported by other obsessively Russophobic Euro elites. The EU’s foreign minister, Kaja Kallas, a former Estonian prime minister, asserts that the seizure of Russian money and pumping it into the Kiev regime is aimed at forcing Moscow to negotiate a peaceful end to the nearly four-year conflict. Such twisted logic is an Orwellian distortion of reality.

Belgium and other European states are extremely wary of the unprecedented and audacious move. Belgium, which holds the majority of frozen Russian wealth – some €185 bn – in its Euroclear depository, is anxious that it will be financially ruined if Moscow holds the EU liable for illegal seizure of wealth. Other EU members, like Hungary and Slovakia, are concerned that the Russophobic leadership is undermining any diplomatic initiatives by the U.S. Trump administration and the Kremlin to negotiate a peace settlement.