George Soros has decades of experience in handling some of the world’s most massive problems. His focus is now on the situation in Ukraine and how to best advise European leaders to make sure that the country remains free of Russian intervention and is able to stand on its own two feet in the very near future. George Soros recognizes that Europe is in the middle of facing many crises all at the same time. He certainly understands how European leaders find themselves torn on priorities for all of these situations, but he strongly urges that the crisis in Ukraine be given top priority, at least for right now.
Some people may wonder what gives Soros the authority to speak on behalf of the Ukrainian people or to offer advice on the current economic and political situation in Ukraine. His years of experience through his very own Ukrainian foundation have provided a very unique perspective on the historical trends and current situation in Ukraine for Soros. He has actual knowledge of the political and economic conditions, which are undergoing a massive transformation toward democratic principles. Soros does not want to see any of the progress lost in Ukraine, especially as it nears the culmination of years of hard-fought political battles.
George Soros – Forbes
Soros understands the need to be very practical in advancing the reforms in Ukraine. This is why he recommends a serious focus on breaking up the state natural gas monopoly in Ukraine so that the free enterprise system can flourish. Oil and natural gas account for such a large part of the Ukrainian economy. Soros hopes that European leaders can see the value in helping to break up the monopoly through an infusion of foreign capital investment. In order to effect the change toward foreign investment in Ukraine, Soros explains the immediate need for political risk insurance. According to Soros’ plan, the EU member counties would fund the payout for any claim based on pro-rata shares of responsibility.
Beyond the political risk insurance that Soros promotes as a solution for increasing foreign investment in Ukraine, he argues that any additional financial assistance to Ukraine should be marked as a defense expenditure for the EU. This is because any measure of strength that the EU can bring to Ukraine is a step in the right direction toward minimizing the threat of Russian aggression in Europe. For Soros, an ounce of prevention is worth a pound of cure in terms of preventing Putin from becoming an even greater global threat. Soros does not think that Ukraine is in a position to defend itself against another military attack from Russia in its current state. In light of that fact, continued assistance from Ukraine’s European friends is necessary to bolster its military defenses against Russia. While Soros contends that sanctions against Russia were a necessary evil in addressing this situation, if Russia continues to deescalate its aggression, then the sanctions should be lifted as a reward. As Soros demonstrates, this is a complicated international situation that demands serious attention.
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