War could cost EU taxpayers EUR 0.5-1 trln due to reluctance to defeat Russia – Hlibovytsky
Russia’s war against Ukraine could end closer to the end of this decade, and EU taxpayers will pay somewhere between half a trillion and a trillion euros in war-related costs because of the EU’s reluctance to defeat Russia, Yevhen Hlibovytsky, co-founder and CEO of the Frontier Institute, said at the Alpbach European Forum.
Yevhen Hlibovytsky, co-founder and CEO of the Frontier Institute, has warned that Russia's war against Ukraine could cost EU taxpayers between half a trillion and one trillion euros. Hlibovytsky, speaking at the Alpbach European Forum, believes that the EU's reluctance to defeat Russia is the primary reason for the protracted conflict.
He argues that Europeans are more willing to pay for Ukraine's financial losses and reconstruction than to hold Russia accountable. Hlibovytsky contends that the EU is heading towards a deficit of security and trust, with declining trust in European institutions fueling the rise of radical parties. He suggests that the EU should adopt a more balanced approach to Ukraine and stop looking down on the nation.
Hlibovytsky asserts that the EU still possesses the capacity to become a security bloc, citing the recent events such as the drone attack at Leipzig airport and the closure of the Russian House in Berlin. He emphasizes that Russia feels impunite due to European weakness, leading to potential suffering and immense financial burdens for European taxpayers.
Hlibovytsky warns that if the current trajectory continues, the EU might ultimately compromise with Russia, perpetuating the empire's survival.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
