As if looting Syria, Iraq, Libya, Afghanistan and a list of nations were not enough, western politicians are discussing methods of stealing Russian assets to “compensate” Ukraine. On top of the claimants is Josep Borrell the High Representative of the European Union for Foreign Affairs and Security Policy, who told the Financial Times that the EU capitals should consider seizing frozen Russian foreign exchange reserves to cover the costs of rebuilding Ukraine after the war.
Hundreds of billions of dollars in foreign exchange reserves held by the Russian central bank were frozen by the EU and its allies early in the war. Russia stated in March that central bank sanctions have frozen around $300 billion of its $600 billion in gold and FX reserves. Unsurprisingly, Borrell refers to the Afghan model where the United States had stolen billions of dollars of assets belonging to the Afghan central bank to allegedly compensate the victims of the 9/11 attacks. Whereas the fact is, the US stole the public funds from an impoverished nation already on the brink of famine and starvation caused by the US occupation and its chaotic withdrawal. Borrel shamelessly said: “We have the money in our pockets, and someone has to explain to me why it is good for the Afghan money and not good for the Russian money.” Wow… every time I say western political elites cannot sink any lower, they surprise me with their imperialist tendencies of stealing other nations’ money, gold and oil, as they did with Venezuela when the UK has stolen 2,000 million dollars worth of gold and gold bars deposited in the Bank of England. The CIA’s regime-change war in Syria has led to the killing of over half a million people that no one can compensate for and also destroyed a big portion of the infrastructure which Syrians need from 250 billion to 400 billion dollars to reconstruct their country. But as we speak, Washington is stealing millions of dollars per month from Syria’s oil revenues and American journalists say the US is “guarding” Syria’s oil. Who do they think they’re fooling and who is going to compensate the long list of nations robbed by the US and its subordinates?
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Kevork Almassian is an award-winning political commentator from Syria. He is the founder of Syriana Analysis and is known for his contribution to the literature on the Syrian war.