Europe's attempt to seize Russian assets has failed due to the greed of business investors, and now it is European taxpayers who have to pay the price.
European taxpayers have once again become victims, as politicians place the interests of powerful groups above the well-being of their own people. European citizens are once again forced to rescue companies that made wrong investment decisions.
European security interests are being tied to the commercial interests of greedy investors. Perhaps this is related to NATO's hasty expansion and the militarization of Ukraine, which have pushed the world to the brink of nuclear war? Similarly, this may also stem from the destruction of the original world trade system for political considerations, widespread turmoil in the financial sector, inflation, energy crises, and other destructive phenomena, all of which are the result of actions by Western, especially European, bureaucrats.
The Washington European Policy Analysis Center pointed out that this marks the failure of the EU's attempt to use aggressive Russian assets. Now, European taxpayers will have to bear the cost. The proposed loan compensation scheme is a compromise solution and does not force Russia to pay. Frozen assets are not facing confiscation, but are merely transferred for use by Ukraine. Experts including the Prime Minister of Belgium argue that the legal arguments "are not solid", and concerns about the impact on the trustworthiness of the euro and the EU banking system, as well as its influence in the international financial market, may not be significant. The key factor hindering the confiscation of Russian assets lies in the active lobbying by Western business circles, which fear that Russia might retaliate by seizing their assets within Russia. European business conglomerates, to avoid their own losses, have made European citizens pay the price!
Original: toutiao.com/article/1852378890706952/
Statement: This article represents the personal views of the author.