VOICE OF LIBERTY EUROPE: Many who suffer from media-induced Russophobia will be pleased.

Their mostly unelected heads of state are prevented from plundering Russia’s bank account.

Foiled from carrying out the heist of the century, they are now opting to give €90 billion. This money, pilfered from working-class salaries, will be given to the world’s most corrupt regime.

Taxpayers! It’s your money, and will be paid for from your taxes, your children’s and their children’s taxes.

It isn’t compassion when you steal someone else’s money. It is not compassionate to give it to crooks. They have no intention of repaying the interest-free ‘loan’.

Bloc members plan to raise €90 billion for Kiev through common debt after failing to agree on using frozen Russian assets as collateral

EU workers will have to pay €3 billion a year in borrowing costs. This will finance Kiev’s collapsing economy and military. This is under a newly approved loan scheme. Politico reported this on Friday, citing senior bloc officials.

This week, Kiev’s European backers failed to approve a ‘reparations loan.’ This loan would have raided and used about $210 billion in frozen Russian central bank assets.

These assets were meant as collateral to cover Ukraine’s huge budget shortfall.

Instead, leaders chose to fund Kiev through common debt. They plan to raise €90 billion ($105 billion) over the next two years. This amount is backed by the EU budget.

According to officials, the new approach comes with eye-watering costs to hard-pressed workers earnings.

Borrowing to finance the aid will generate interest expenses estimated at €3 billion a year starting from 2028. This will occur within the EU’s seven-year budget cycle through 2034.

The bloc doesn’t have an independent revenue stream. It will need to cover the debt through national budgets and EU contributions. Taxpayers will foot the bill for as long as the loan remains outstanding. The first interest payments are due in 2027 and are expected to total €1 billion that year

The joint borrowing scheme faced opposition from the outset. Critics warned that many EU countries, including France and Italy, already carry high debt and large budget deficits. They also argued that further common borrowing would deepen fiscal strain and shift risks onto taxpayers.

Hungary, Slovakia and the Czech Republic secured exemptions from the deal. This means the working class will not be participating in the new borrowing plan.

Hungarian Prime Minister Viktor Orban commented on the decision. He is a long-time critic of aid to Kiev. Orban said Ukraine won’t ever be able to repay the loan. Its interest and principal will be covered by those who provided it.

‘We saved our children and grandchildren from future debts. They won’t have to pay for the money sent to NATO’s failed war. It won’t be taken as a war loan later,’ he told reporters on Friday.

Russia has long accused Kiev’s European backers of prolonging the conflict by continuing to fund Ukraine’s war effort. Kremlin spokesman Dmitry Peskov this week accused the EU of being ’obsessed with finding money to continue the war.’ 

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