Eric Zuesse -- The West Is Abandoning Ukraine

 

The West Is Abandoning Ukraine

 

Eric Zuesse, July 08, 2022

 

On July 7th, Bloomberg News headlined “EU Bureaucracy Seen Blocking 1.5 Billion-Euro Loan to Ukraine”, and reported that, “The executive arm of the European Union is blocking a 1.5 billion-euro ($1.5 billion) loan for Ukraine as caution prevails over the country’s urgent needs, according to officials.”

 

America alone has donated and loaned, during this year, $54 billion to Ukraine, mostly for U.S.-made weapons, which have been rushed there from existing U.S. stockpiles, which stockpiles will need to be restocked with new weapons-orders from firms such as Lockheed Martin, whose corporate stock value is up 12% thus far this year. However, this is a mid-term election-year in America, and inflation is already running against political incumbents, especially Democratic Party ones. On June 10th, the AP bannered “US inflation at new 40-year high”, and reported that “Consumer prices surged 8.6% last month from a year earlier.” Already, on May 20th, the AP had bannered “War fuels surging prices in Europe” and reported that “The war has accelerated inflation across Europe and the world, with prices for energy, materials and food surging at rates not seen for decades. It’s causing sticker shock at the grocery store, gas pumps, electricity bills and construction sites.”