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Legalising the theft of Russian assets

There are, I’m afraid to say, still too many truly believers in the Russia total defeat delusion. Ukraine can still win! With what troops and, critically, what money?

With Glenn Diesen, Ian Proud. Nov 10, 2025

Following my recent article on the topic of the so-called EU reparations loan (a cheap ruse to fund the Ukrainian state for another 2-3 catastrophic years of war), I discussed the issue in more detailed with Glenn Diesen,

The more I consider this issue, the more clear it becomes that attempting to exproprirate Russian assets is a desperate measure to prevent EU Member States from giving Ukraine the money themselves, money which they do not have.

The Commission idea, should the Russian asset option continue to be blocked by Belgium, to borrow the money on international markets and then lend it to Ukraine, which can’t borrow money itself, appears similarly desperate. Who will make repayments on that loan? Becauses Ukraine won’t.

Suddenly, the EU idea of common debt becomes more worrying still. Who wants to give Kaja Kallas a blank cheque to fund proxy wars in other countries, with repayments being share among Member States?

Amid all of this, with Pokrovsk falling, Kupiansk and Siversk almost lost, the Russian army pushing into Zaporizhia, does anyone in Brussels take a step back and ask whether, in fact, it would be better to support the US in leveraging Zelensky to settle?

There are, I’m afraid to say, still too many truly believers in the Russia total defeat delusion. Ukraine can still win! With what troops and, critically, what money?

November 11, 2025 - Posted by Christina Macpherson | business and costs, Ukraine, weapons and war