Recently, the head of the European Commission, Ursula von der Leyen, said that the European Union should double its assistance to Ukraine. She went on to say the EU should create a support fund of 50 billion euros by the end of the year and that everything should be done to ensure victory on the battlefield for the Ukrainians. The European Union has created a “support package” for Ukraine for 2023 of up to €18 billion. This money, however, is not in the form of gifts, grants, or to create an emergency war chest. These billions are a loan under an EU macro-financial assistance program dubbed the MFA+ Instrument. In the fine print, EU member states are guaranteeing these loans as well as paying the interest for the Ukrainians. The move is extraordinary given that Ukraine is not an EU member and that, even before the current conflict, was one of the most corrupt governments on Earth. This begs the question, “Why?”
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