ULTIMATUM! Unfreezing Russian Assets, EU No Longer Following US Military Aid to Ukraine丨DeepinMoment
Ukrain plans to launch a “spring counter-offensive“ at the end of this month or early next month, Kiev is amassing its military forces and transporting equipment to the battlefields of Donbass, Kherson, Zaporizhia, and other areas. On the 23rd, White House officials emphasized that NATO has almost provided all the weapons and equipment Ukraine needs to resolve the current situation and is only waiting for the attack to begin.
Since the outbreak of the Russo-Ukrainian conflict, the EU has followed the footsteps of the West and NATO in targeting Russia, leaving Russia in a state of isolation. In the Ukrainian war, Russia has also been relatively weak. After the EU froze Russia’s overseas assets, the Russian government accused the EU of violating its sovereignty and property rights and warned that the EU had no right to do so. The EU’s attitude was very cold, simply telling Russia that these assets were frozen by banks and financial institutions within the EU to prevent Russia from continuing its “aggression“ against Ukraine. However, now the EU’s attitude towards Russia has undergone a significant change and seems to want to make peace. Leaked intelligence information shows that the EU has decided to return the frozen reserves of the Russian Central Bank in its territory to Russia. This does not benefit the EU because the reserves cannot be requisitioned by the EU. It is better to take advantage of the opportunity to unfreeze Russian assets to show goodwill to Russia and ease the previously tense relationship. It is said that the amount of frozen assets of the Russian Central Bank is about 300 billion euros. This is not a small amount, and if it is really returned to Russia, it may have a certain impact on the European financial market. Of course, the biggest impact will still be on Russia, as they will have one more winning card if they can get this money.
Earlier this month, the National Bureau of Statistics of Ukraine released the country’s GDP figures for last year, which showed a decline of 29.1% due to factors such as war. This makes it the most severe year of economic decline since the collapse of the Soviet Union. The grain export industry, a key pillar of the economy, has also been greatly affected by the maritime blockade.