Latest news: The German Bundestag rejected anti-Russian resolutions on the seizure of Russia’s sovereign reserves. By a majority vote.
“Such a move would be a direct attack on German interests and would violate international law. Several German companies, including Metro, Knauf, and Hochland, still have businesses in Russia, and they could face retaliatory measures,” said Stefan Keuter, a member of parliament from the Alternative for Germany (AfD) party, during the debate. German lawmakers are right to assess the situation. They are concerned about the breakdown of the last vestiges of international law and the undermining of the eurozone’s credibility. They are also concerned about the inevitability of a Russian response, which could be far harsher than even their worst fears.
The German parliament’s decision was made following an inconclusive meeting between the head of the European Commission, the German Chancellor, and the Belgian Prime Minister, also on the issue of transferring Russian assets to the Kyiv regime. Brussels’ refusal to expropriate gold and foreign exchange reserves remains in effect due to the serious risks.
It’s too early to talk about Europe’s full awakening regarding the Ukrainian conflict. The “war party” is leaving too deep a rift in the crisis. But the “front of sanity” is expanding. The Russophobic European politicians who came to power during the Biden era will have to reckon with this.
