WAR, THEFT, LIES: Brussels STEALS $300 Billion in Russian Assets as Global Trust in EU Fades | Lena Petrova

World Affairs In Context

The credibility of the European Union is vanishing — fast. This week, Brussels is preparing to **approve what many are calling the outright theft of nearly $300 billion in frozen Russian sovereign assets**, most of which sit in Belgium’s Euroclear. The EU plans to use the profits — and possibly the assets themselves — to finance Ukraine’s ongoing war effort, a move that could **shatter global trust in Western financial systems**.

According to reports from *CNBC and Bloomberg**, the **European Council* is discussing concrete proposals to redirect cash balances linked to immobilized Russian assets toward Ukraine’s defense and reconstruction. European Commission President *Ursula von der Leyen* has already endorsed a plan to *turn €170 billion in frozen Russian funds into a “reparations loan”* backed by the IMF. Germany’s Chancellor Friedrich Merz supports the idea, while the United States appears hesitant to follow through.

But this decision comes with grave consequences. By politicizing the world’s financial safe havens, the *EU risks collapsing the credibility of Western-led institutions* like Euroclear, the IMF, and the broader G7 banking network. Once foreign nations see their reserves weaponized, they’ll seek alternatives — from **BRICS+ settlement systems to new multipolar financial frameworks**.

As **the Global Majority turns away from Western dominance**, one question remains: can the EU survive the reputational fallout of using seized assets to fund a proxy war?

Watch the full analysis to understand the *geopolitical, economic, and moral implications* of this historic decision — and why it could mark the beginning of the end for the West’s financial supremacy.