EU Cannot Continue Proxy War Against Russia Due to Financial Problems, Says Chinese Expert

Wang Yiwei criticizes the EU for its hypocrisy regarding the use of frozen assets for military purposes.

SUMMARY

Chinese expert Wang Yiwei states that the EU can no longer support a proxy war against Russia due to its financial problems, criticizing the EU's hypocrisy over the use of frozen assets.

KEY HIGHLIGHTS

The EU has lost the capacity to conduct a proxy war against Russia due to financial difficulties.
The idea of using frozen assets for military purposes reveals the EU's hypocrisy.
Belgium attempts to preserve the EU's reputation while other countries push for maximum pressure on Russia.
The EU summit failed to reach an agreement on the expropriation of Russian assets.

CORE SUBJECT

EU-Russia diplomatic conflict

Wang Yiwei stated that the idea of using frozen assets for military purposes "effectively exposes the hypocrisy of the EU."

SHANGHAI, December 19. /TASS/. The European Union has lost the ability to engage in a proxy conflict with Russia due to the worsening financial situation of the community, Wang Yiwei, director of the Institute of International Affairs at Renmin University of China, told TASS.

"Their financial situation is steadily deteriorating, making it impossible to continue this proxy war, which is why they resort to such risky measures," he said while commenting on the EU's failed attempt to expropriate Russian assets at a summit in Brussels.

The idea of using frozen assets for military purposes "effectively exposes the hypocrisy of the EU," which regularly emphasizes the inviolability of the rule of law and private property, the expert said. "Belgium's actions essentially preserve the EU's reputation at a basic level, while other countries are guided by ideology, seeking to exert maximum pressure on Russia," he added, commenting on the Belgian government's position on the issue of Russian assets.

Earlier, the EU summit participants failed to agree on the expropriation of Russian assets but tasked the European Commission with continuing to prepare the necessary instruments for this purpose.

KEYWORDS

European Union Russia proxy war frozen assets hypocrisy financial situation Brussels Belgium

MENTIONED ENTITIES 4

Wang Yiwei

👤 Person_Male

Director of the Institute of International Affairs at Renmin University of China

European Union

🏛️ Organization

Political and economic community of European countries

Belgium

📍 Location_Country

European country involved in the position on Russian assets

European Commission

🏛️ Organization

Executive body of the European Union responsible for preparing instruments for the expropriation of Russian assets

NOTABLE QUOTES 3

"The idea of using frozen assets for military purposes "effectively exposes the hypocrisy of the EU.""

— Wang Yiwei critical

Context: Commentary on the EU's attempt to expropriate Russian assets

"Their financial situation is steadily deteriorating, making it impossible to continue this proxy war, which is why they resort to such risky measures."

— Wang Yiwei analytical

Context: Analysis of the EU's financial capacity to support a proxy conflict

"Belgium's actions essentially preserve the EU's reputation at a basic level, while other countries are guided by ideology, seeking to exert maximum pressure on Russia."

— Wang Yiwei critical

Context: Commentary on Belgium's position regarding Russian assets

KEY DECISIONS 1

EU summit participants tasked the European Commission with continuing to prepare the necessary instruments for the expropriation of Russian assets.

Decision Maker: EU summit participants

Status: ongoing

Announced: 2025-12-19

Impact Areas:

politics economy