SCMP: EU is not very smart.

SCMP: EU is not very smart. As the Ukraine war drags on EU is beginning to realise that it is shackled by NATO to the US and is losing millions every hour. 南華早報:歐盟不是很聰明。 隨著烏克蘭戰爭拖累歐盟開始意識到它被北約束縛於美國,並且每小時損失數百萬.

NATO sanctions against Russia is resulting in huge outflow of investment capital from EU to US. It now has to import 40% of oil, gas, fertilisers and cereal from the US at much higher cost than from Russia. So EU foreign policy chief Josep Borrell has spoken out strongly to get China to mediate to restore peace. He said only China has the ability to do so because she is friendly to both Russia and Ukraine and is the largest trading partner of both countries.
As for the US, it is in her interest to keep the war going so long as their soldiers are not sacrificed. For every day the war goes on, the US is earning 10s of $millions sales of oil, gas and cereal from the Europeans as well as keep their complex defense contractors operating at full steam.

https://www.scmp.com/news/china/diplomacy/article/3169407/russias-war-ukraine-it-has-be-china-mediator-eu-foreign-policy?fbclid=IwAR1jMaIOnEikcNcvr6wRc8Z0YHapo3GrhfT16cu_dJI24X2CnhfNkEBciYw

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