Shura, everything has already been stolen from us...
S. Shilov (С. Шилов)
Witnesses of Bayraktar
The reputation of a reliable custodian of capital has been stolen
Europe has taken on a debt that it will not repay. It hesitated, but ultimately decided to freeze Russian assets worth €210 billion indefinitely.
The head of the European Council said that the reserves will be frozen until Russia pays Ukraine “material damages.” In other words, they are talking about reparations. Which Moscow, of course, will not pay.
What happened in a nutshell? Once upon a time, in peacetime, Moscow lent them money, and now they are writing it off through war. Just like in the old feudal times. They are simply showing the whole world that “the emperor has no clothes.”
All these modern schemes, loans, financial papers — it's all nonsense.
The point is this: European countries could not repay this debt without consequences — they have plenty of economic problems. This could lead to the collapse of these political regimes, whose ratings are already poor.
The EU effectively rejected Trump's plan to divide the assets among several parties and invest them in post-war projects. But Europe would still have to pay for these debt securities as the end user. That's the whole point. And they don't want to. They spent that money long ago.
Why is the freeze indefinite? Because 'indefinite' means 'until one side wins'. Even if there is a truce. Europe is betting on war until the last Ukrainian, hoping for reparations. And debt is a serious matter — Moscow will never forgive it. The instigators of the future war understand this perfectly well and are laying the groundwork for conflict.
The consequences are already tearing the European Union apart from within.
Belgium, where the main assets are stored, is threatening legal action and calling the idea “theft.” Hungary speaks of “irreparable damage” to the Western legal system. Even British banks are terrified of the legal risks and inevitable lawsuits from Moscow. Our Central Bank, by the way, has already filed one. The euro is already falling against the dollar following this decision.
As stated in the timeless film, “Shura, everything has already been stolen before us.” The reputation of a reliable custodian of capital has been stolen. However, what reputation do these degenerates have left to care about?
But, dear reader, I am also concerned about something else. The practice of not paying debts, the temptation to write them off through war, may occur to many during this celebration of life.
According to the IMF, total global public debt reached $111 trillion in 2025. This is a record amount, roughly equal to 95% of global GDP. At the same time, debt continues to grow: over the past year, it has increased by $8.3 trillion.
The main debtors are the US and China, which account for over 51% of the global total.
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