The grand plans of the EU Leadership failed to generate their desired result. Initially, Ursula von der Leyen, Friedrich Merz, Emmanuel Macron and Keir Starmer intended to permanently confiscate the Russian sovereign wealth fund and use it to fund their interests in Ukraine. However, the EU coalition didn’t agree.
After 16 hours of failed internal negotiations the EU ended up creating a $90 Billion euro-backed financial loan to Zelenskyy which he will not have to pay back until Russian reparations are paid to Ukraine.
The European elites essentially used EU taxpayers to create an EU loan to Zelenskyy.
EUROPE – BRUSSELS — European governments failed to reach a deal on sending Russian frozen state assets to Ukraine after a 16-hour summit in Brussels, in a major setback for German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen.
Countries were forced instead to agree on an emergency backup plan based on EU joint debt that was pushed for weeks by Belgian Prime Minister Bart De Wever and was deemed a long shot until hours before the deal was done. In a further blow to EU unity, three countries ― Hungary, Slovakia and the Czech Republic ― won’t take part.
“The bottom line, after today, is that our support for Ukraine is guaranteed,” Danish Prime Minister Mette Frederiksen said as the summit wrapped up at 3 a.m.
The agreement provides a crucial lifeline to Ukraine’s war-battered economy as it grapples with the risk of a looming cash crunch as early as next spring with its conflict with Russia grinding on into a fourth year.
Though the accord allows everyone to claim victory, this wasn’t the solution that Germany and the Commission had been pushing for in the lead-up to this summit. (read more)
