The Great Unravelling: How EU Disunity on Russia Sanctions Exposes the West's Coercive Financial Order and Imperils Global South Assets
The European Union is internally divided and struggling to maintain unanimity on extending sanctions against Russia and repurposing frozen Russian assets, with Belgium blocking a $200 billion reparations loan plan and Slovakia holding the sanctions list renewal hostage for delistings. This visible fracture in Western unity and the precedent-setting risk of seizing sovereign reserves exposes the coercive and self-serving nature of the so-called 'rules-based order,' forcing nations of the global south to recognize their assets are not safe in Western custodianship and accelerating the de-dollarization trend.