March 08, 2026Mar 08, 2026
KCNA Pyongyang Times

KCNA commentary on US and EU’s robbery

Date: 05/08/2024 | Source: Pyongyang Times | Read original version at source

A group of unmasked gangsters are running wild on the earth.

Shortly ago, the European Union in collusion with the US committed such an outrageous act as deducting 1.5 billion euros from the Russian assets it has frozen at random at financial institutions of its member states and transferring them to weapons funds supporting Ukraine.

This is a violation of the principle of international law, which stipulates that the assets of another country in the territory of a country are inviolable, and a wanton encroachment on state sovereignty and private property rights. It can never be justified in any case and with anything.

The Russian government said that any attempt of the Western countries to confiscate Russian assets will be branded as stealing and will not escape punishment and no matter what rhetoric they may make, theft will remain theft.

The unbiased world public censured it as a clear illegal act, expressing serious concern over the fact that it would be a bad precedent for the disposal of state assets in dispute and an act of harming international financial stability.

But the US and the West are advertising their unheard-of robbery as a well-intended act for “peace and security”, claiming that emergency measures are necessary in the extraordinary period and there is no greater symbolism than making Ukraine and the whole of Europe safer with the funds of the Kremlin.

Is the robbery for “peace and security” acceptable?

There is no pretext for justifying robbery and theft in the world.

It is an open fact that the US and the West were seeking Russia’s overseas assets to fill up their financial resources which are running out in the long-term Ukrainian crisis.

As recently disclosed by the US Department of Treasury, the US national debt has reached the worst phase beyond 35 trillion US dollars and the other Western countries, too, are not placed in a position to look after others due to their poor economic situation.

Meanwhile, Ukraine spends more than 136 million US dollars every day and more than 4 billion US dollars every month for military expenditure.

The Russian assets frozen by the West, which cannot but make every effort for running the Russian war machine, are no more than a lump of oily meat.

In order to calm down the internal differences in view and international legality at any cost, the US and the West have thrust themselves into the robbery in group while competitively faking up legal frameworks for allowing the seizure of the assets of a sovereign state.

The EU decided to allocate 90 percent of the earnings of the frozen assets of the Central Bank of Russia to the supply of military assistance to Ukraine and the remaining 10 percent to other items. This clearly shows its real intention to prolong the bloody war and slaughter on the European Continent, not to end the war.

No matter how hard the U.S. and its followers may describe their act as one for "peace in Ukraine" and "security in Europe", they cannot conceal their atrocious nature turned into a worldwide gangster group. And it will be another evidence of proving their predatory, arrogant and shameless nature.

The world people are stunned by the ignorant and rude robbery of the US and the West which is not the first and the last.

The US and the West will have to pay dearly for their plunder, irrespective of international law, market rules, enemy or ally.

More From Pyongyang Times

Russia, Belarus advocate building of multipolar world

Russia, Belarus advocate building of multipolar world

There recently took place a meeting of the supreme state council of the Russia-Belarus allied state in Moscow. It was attended by

March 07, 2026

There recently took place a meeting of the supreme state council of the Russia-Belarus allied state in Moscow. It was attended by

Friendly fire incident in Texas

Friendly fire incident in Texas

Recently, a tragicomic accident happened in the sky above Texas, the US, where a drone of the US Customs and Border Protection was

March 07, 2026

Recently, a tragicomic accident happened in the sky above Texas, the US, where a drone of the US Customs and Border Protection was

Socialist traits

Socialist traits

In the DPRK, it is a social climate to help and lead one another forward between people. Many Korean people respect revolutionary

March 07, 2026

In the DPRK, it is a social climate to help and lead one another forward between people. Many Korean people respect revolutionary

Military-civilian meetings held in local areas

Military-civilian meetings held in local areas

Military-civilian meetings took place in North Phyongan, South Hwanghae, Kangwon and North Hamgyong provinces and Nampho and

March 07, 2026

Military-civilian meetings took place in North Phyongan, South Hwanghae, Kangwon and North Hamgyong provinces and Nampho and

Respected Comrade Kim Jong Un receives flower basket from abroad

Respected Comrade Kim Jong Un receives flower basket from abroad

The respected Comrade Kim Jong Un received a flower basket from the China Dandong Branch of the Kim Il Sung-Kim Jong Il Foundation

March 07, 2026

The respected Comrade Kim Jong Un received a flower basket from the China Dandong Branch of the Kim Il Sung-Kim Jong Il Foundation

Enlarged plenary meeting of Cabinet Party committee held

Enlarged plenary meeting of Cabinet Party committee held

An enlarged plenary meeting of the Cabinet Committee of the Workers' Party of Korea was held on March 4 to implement the decisions

March 06, 2026

An enlarged plenary meeting of the Cabinet Committee of the Workers' Party of Korea was held on March 4 to implement the decisions

OIC rejects Israel’s expansionist moves

OIC rejects Israel’s expansionist moves

The Organization of Islamic Cooperation held an emergency meeting on February 26 to reject Israel’s moves to expand its territory.

March 05, 2026

The Organization of Islamic Cooperation held an emergency meeting on February 26 to reject Israel’s moves to expand its territory.

Population problems get serious due to falling birth rate

Population problems get serious due to falling birth rate

Populations are rapidly decreasing in many countries. The Japanese Ministry of Welfare and Labour announced in August last year

March 05, 2026

Populations are rapidly decreasing in many countries. The Japanese Ministry of Welfare and Labour announced in August last year

First full moon day observed

First full moon day observed

The first full moon day (the 15th day of the first month according to lunar calendar), or jongwoldaeborum, added pleasure and

March 05, 2026

The first full moon day (the 15th day of the first month according to lunar calendar), or jongwoldaeborum, added pleasure and

China decides to impose sanctions against Japan

China decides to impose sanctions against Japan

China decided on February 24 to impose sanctions against Japan as regards the Japanese authorities’ ever-undisguised moves to

March 04, 2026

China decided on February 24 to impose sanctions against Japan as regards the Japanese authorities’ ever-undisguised moves to

Russia blasts West’s bid to offer Ukraine nukes

Russia blasts West’s bid to offer Ukraine nukes

Russia is bitterly denouncing and rejecting the West’s adventurist moves to provide Ukraine with nuclear weapons.At a UN Security

March 04, 2026

Russia is bitterly denouncing and rejecting the West’s adventurist moves to provide Ukraine with nuclear weapons.At a UN Security

Grand art performance continues

Grand art performance continues

The grand art performance "Song Dedicated to the Motherly Party", which significantly commemorated the Ninth Congress of the

March 04, 2026

The grand art performance "Song Dedicated to the Motherly Party", which significantly commemorated the Ninth Congress of the

Day of Defenders of Motherland commemorated in Russia

Day of Defenders of Motherland commemorated in Russia

Russia commemorated the Day of Defenders of the Motherland on February 23. Russian President Vladimir Putin presented a wreath at

March 03, 2026

Russia commemorated the Day of Defenders of the Motherland on February 23. Russian President Vladimir Putin presented a wreath at

More Articles