by Eric Zuesse,Strategic Culture:

There was more evidence this week of the Kiev regime’s endemic corruption. And yet the European Union leaders are lining up to send a massive €90 billion ($105bn ) loan to this regime, a regime which has become a byword for industrial-scale scamming.

The EU has already pumped about €200 billion into propping up the Ukrainian regime since February 2022, when the NATO proxy war with Russia escalated.

Most of the latest money will be used as military aid to invest in Ukrainian manufacturers of drones and missiles. One of the most prominent of these Ukrainian firms – Fire Point – is linked to the regime’s so-called president, Vladimir Zelensky.

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Surveillance tapesleakedto Ukrainian media show that businessman Timur Mindich, alleged owner of Fire Point, discussed the acquisition of billions of euros in contracts with the former Ukrainian minister of defense, Rustem Umarov.

Both men are under investigation by Ukrainian anti-corruption organizations for embezzlement. Last year, Umarovresignedas defense minister after being accused of fraud and racketeering. Meanwhile, Timur Mindich fled to Israel last November just as corruption investigators were about to arraign him for questioning. Mindich was formerly a business partner with Zelensky and remains a close associate. He is cheekily referred to as “Zelensky’s wallet”.

Zelensky, whose presidential mandate expired nearly two years ago but who has self-appointed an extension in office, has been constantly touring foreign countries appealing for more military aid while also promoting Fire Point as a rewarding investment. Zelensky’s promotion efforts have paid off handsomely.

Several European states have struck up partnerships with Fire Point in bilateral deals. Denmark, Germany, the Netherlands, and Norway areamongEuropean investors in this firm, as well as in many other Ukrainian military manufacturing companies. Saudi Arabia and other Arab oil-rich states have also invested big money.

Thus, the EU €90 bn so-called loan that is underway for Ukraine is on top of billions that have already been ploughed in through bilateral deals.

Source: SGT Report