Thank goodness that due to the stance taken by a handful of European leaders, common sense prevailed and the plan to fund a loan to Ukraine via Russian assets failed. This plan was legally questionable at best and would have had a far-reaching impact on the future of the Euro as a reserve currency. Why would countries hold funds in Europe if they can simply be confiscated? Europe's confrontational stance, once met with the real-world consequences, has once again failed.

Ukraine is grateful to the leaders of the E.U.EU who, via the loan agreement, have allowed the country to meet its financial obligations for the next two years. This is incredibly important for the resilience of the country. In the meantime, it is essential that frozen Russian assets remain immobilized for the foreseeable future.

Russia is grateful to the actions of Belgium, Hungary, Slovakia and the Czech Republic who protected the principle of property rights and exposed the incompetence of the warmongering E.U.EU elites who pushed these illegal actions. They also saved the E.U.EU from itself in helping to prevent the investor exodus that would have followed if the plan to confiscate Russian assets succeeded.