George Soros Believes That Ukraine Is A Great Asset To The European Union

George Soros believes that there is need to support Ukraine in undertaking its reforms. All efforts should be channeled towards ensuring that Ukraine achieves its economic and political goals. George Soros Ukraine contends that if the European Union focuses on helping Ukraine reestablish itself, then the other EU priorities would be resolved quickly. However, if no action shall be taken, the other priorities of the EU will take long to be resolved. It is evident that President Putin has more military power than Ukraine and its allies. To this end, Ukraine cannot prevail over Russia. Ukraine is not able to regain its territorial integrity in the short term. However, it can maintain its political and moral integrity.

George Soros asserts that the new Ukraine is eager to embark on political and economic reforms. The country has a large population and an army that has been tested. He continues to say that the spirit of self-sacrifice and volunteerism in the new Ukraine is a perishable good. This way, it would take another generation to replace it if it is depleted. Chancellor Merkel has been exerting more pressure on Ukraine to respect the Minsk agreement irrespective of Putin’s support or not. According to Soros’ winning strategy, political and military successes are crucial to Ukraine’s success. Soros emphasizes on the need of Ukraine’s allies to pursue any strategy that will guarantee the country’s political and economic reforms. However, he calls for careful reconciliation between the two objectives of the winning strategy: providing Ukraine with financial support and stopping the military conflict.

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George Soros – Project Syndicate

The Greatest Investors: George Soros

Soros believes that the migration crisis may divert attention from providing support to the new Ukraine as Europe zeroes in on how to handle the migration crisis. Losing Ukraine would be a disaster as the country is an asset in Europe. If Ukraine fails in its pursuit for economic and political stability, more than 40 million people will be affected, thus worsening the refugee crisis. However, by helping the country achieve its reform agendas, the European Union will have saved itself from many demerits.

Soros warns that the European Union should be careful given Russia’s threat of an attack. EU countries should consider assisting Ukraine. By failing to devise a striking assistance program in response to the ambitious Ukrainian reform agenda, the new Ukraine will not be able to live up to its expectations. This way, Europe will have to defend itself against any forms of aggression by Russia on its own.

By abandoning Ukraine at its time of need, the European Union will have fallen short of its principles and values. Soros contends that there is the need to maintain the sanctions against Russia until President Putin stops his aggression against Ukraine. The sanctions should also continue until Putin avails convincing evidence of his intent to conform to the generally accepted codes of conduct. Russia’s financial crisis may have forced Putin to slow down his exercise of military might. It would be wrong for the expiration of the sanctions before the Russian aggression has been stopped.

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