Part 5/11:
The EU’s decision to fund Ukraine’s defense through interest accumulated from frozen Russian assets—estimated to be between €280 billion and €330 billion—raises critical questions. Since these assets are held mainly in European and US banks, the EU’s move to divert this interest to support Ukraine appears more as a reinforcement of the proxy war than genuine measures to resolve the conflict.
Critics argue that sanctions, including those on Russian central bank assets, have not achieved their intended goals. The sanctions' failure to compel a change in Russia’s stance suggests they are ineffective as a tool for peace and instead serve to deepen the confrontation. The ongoing reliance on economic coercion reflects a broader strategy lacking a clear diplomatic foundation.