Thursday, 18 December 2025
It's all down to money between the EU and Putin
Ukraine is running out of money and Putin knows it which is why he is continuing to attack the country every day to destroy an economy that is already wavering. He is thinking, collapse of Kyiv's econmy will mean capitulation to Moscow. This is why Putin is pulling out all the stops, including legal ones, to try and stop the EU country, Belgium, from agreeing to hand over the billions of dollars held by the Kremlin in Brussels. The money belongs to Russia but has been frozen for a long time, ever since the invasion of Ukraine. European leaders have been urging for months for this money to be handed to Ukraine as compensation for the destruction caused by Moscow's bombing. But handing billions of dollars of Russia's money and giving it to Moscow's Enemy Number One would be considered an act of war by Europe, and Putin has issued a warning to Europe of dire consequences if it goes ahead. Keir Starmer has effectively said it's definitely going to happen, and very soon. European leaders are meeting at this moment to resolve the matter. But most of the Russian assets are held in banks in Belgium, and, understandably, the Belgian government is increasingly worried that it will suffer Moscow's anger if the Belgian banks are given authority to release the funds to Ukraine. Moscow argues that giving its frozen funds to Ukraine would be against international law and has threatened to sue Belgium. The Belgian government is in a tizzy. The trouble is, if Kyiv doesn't get the money, the country could be bankrupt by next Spring.
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