Ukraine and Eastern Europe

When Volodymyr Zelensky ran for office to become president of Ukraine in 2019, many did not take him seriously. Here was a person who had become famous as an actor, playing the role of an imaginary president in a television soap opera, wanting to get the real thing. In 2021/22, he, on his part, did not take seriously warnings about an imminent Russian invasion. He thought he could negotiate with Putin the future of Ukraine. He did not understand the contempt that Putin had for him, and indeed for the entire Ukrainian nation. The invasion marked the birth of a new Zelensky, and a new Ukraine. As Russian troops approached Kyiv, Zelensky, although he knew that he was a primary target that the Russians wanted to eliminate, refused offers to be evacuated, and said that he would stay on and resist. Most Ukrainians said the same. Ukraine is emerging from the war bruised but strong. In the war, the country has found itself. It has the potential and the self-confidence necessary to succeed. The war has enabled Ukraine to emerge from the shadow of Russia. Untangible as this concept is, it is the key issue that will define the country’s future. And Zelensky? Not by his own choice Zelensky ended up being a wartime leader. He did that very well. It is likely that when the war ends the Ukrainian people will want to move on to another leader that will be able to lead Ukraine in peace. But Volodymyr Zelensky has already earned a place in the history of Ukraine, and of Europe.  

The European Union on Thursday 23 October applied more economic sanctions on Russia, adding to U.S. President Donald Trump’s new punitive measures the previous day against the Russian oil industry. However, EU leaders meeting in Brussels have so far failed to reach a deal on using Russian frozen assets. European capitals were hoping to convince Belgium, which houses the international deposit organisation Euroclear and is worried about legal repercussions, that a reparation loan from the funds is workable. Most of the €200 billion in Russian central bank assets frozen by the EU are held in Euroclear. However, Belgian Prime Minister Bart De Wever has so far been skeptical, reiterating during the European Council meeting on Thursday that certain conditions must first be met before a €140 billion loan can be given to Ukraine using Russia’s frozen assets. Russian officials and state media dismissed the new Western measures, saying they are largely ineffective.