George Soros, chairman of the Soros Fund Management and Chairman of the Open Society Foundations, is a renowned columnist and author of many books on financial events and concepts. Writing on the topic of Ukraine, George Soros discusses the sanctions imposed by the U.S. and other European countries against Russia and Ukraine, why these sanctions hurt Europe’s economic growth, and why Europe needs the new Ukraine more than the old Ukraine.
Writing on the topic of sanctions by the U.S. and other European countries against Russia and Ukraine, George Soros argues that Ukraine is an integral part in stimulating the European economy and keeping it fired up. He states that while sanctions are necessary against Russia due to the fact sanctions divert war, it in fact damages each economy, causing economic stagnation instead. Sanctions against Russia, however, should continue to be instated until Putin and Russia decides to back down its aggression.
Soros instead proposes that Europe and the U.S. should provide economic stability to Ukraine in order to jumpstart its economy and bring investors and exports to the country. Instead, Soros says, the European Union treats Ukraine as just another country to provide some financial assistance to instead of reinvigorating its economy. In addition to assisting the economy of Ukraine, the country can eventually return its aid to its creditors, and not only that, a new country would join the European economy.
George Soros – Project Syndicate
Soros additionally states that it is important to save Ukraine before it is too late. He states that because of Ukraine’s new policies, which haven’t been passed or encouraged to get passed, the country is in a much better state in Europe to bring more to the economy of the Union. Soros says that Europe shouldn’t want the old Ukraine back, one that was dominated by an oligarchy and deterred with corruption. The new Ukraine, Soros argues, would bring more to the European economy. A transformed Ukrainian economy would cause Russia to back down on its aggression and revitalize the crumbling European Union.
George Soros’ writings on the financial situation in Ukraine and Russia offer a glimpse into the solutions of not just stopping Russian aggression, but also avoiding war and economic woes. Since Russia is trying to gain an alliance with China in order to weaken the United States global dominance of the world economy, it is easy to see why George Soros proposes helping Ukraine financially, which would in turn make it easier for Ukraine to defend itself against Russia, causing Putin to lose one battle. Soros says that Europe doesn’t want the old Ukraine back. New Ukrainian policies, which would radically change the country, are the best direction to head in for Europe.
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