January 08, 2026Jan 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

Iran warns against aggressive act

Iran warns against aggressive act

Iranian President Masoud Pezeshkian in a statement on December 30 2025 warned that his country would strongly counter any

January 06, 2026

Iranian President Masoud Pezeshkian in a statement on December 30 2025 warned that his country would strongly counter any

Russian President delivers New Year address

Russian President delivers New Year address

Russian President Vladimir Putin delivered his New Year address on the occasion of the New Year 2026. He said that the Russian

January 06, 2026

Russian President Vladimir Putin delivered his New Year address on the occasion of the New Year 2026. He said that the Russian

Reception given for art troupe of Korean schoolchildren in Japan

Reception given for art troupe of Korean schoolchildren in Japan

The respected fatherly Marshal Kim Jong Un provided a reception for the art troupe of Korean schoolchildren in Japan who

January 06, 2026

The respected fatherly Marshal Kim Jong Un provided a reception for the art troupe of Korean schoolchildren in Japan who

New houses built in Jagang Province

New houses built in Jagang Province

New houses were built at the Changbong Farm in Jonchon County and the Ryonsong Farm in Chosan County, Jagang Province. Ceremonies

January 06, 2026

New houses were built at the Changbong Farm in Jonchon County and the Ryonsong Farm in Chosan County, Jagang Province. Ceremonies

Kujang Cement Factory carries out blasting

Kujang Cement Factory carries out blasting

Workers of the Kujang Cement Factory carried out a blasting of 100 000 cubic metres of earth on January 4. The successful blasting

January 06, 2026

Workers of the Kujang Cement Factory carried out a blasting of 100 000 cubic metres of earth on January 4. The successful blasting

Nation presses on with regional development policy

Nation presses on with regional development policy

The Regional Development 20×10 Policy of the Workers’ Party of Korea aims at building modern regional-industry factories in 20

January 06, 2026

The Regional Development 20×10 Policy of the Workers’ Party of Korea aims at building modern regional-industry factories in 20

Self-dependence and dependence

Self-dependence and dependence

What is essential for the development of a state is national self-dependence and its own strength. It is like a suicidal act of

January 06, 2026

What is essential for the development of a state is national self-dependence and its own strength. It is like a suicidal act of

Various units fulfil plans for first day of new year

Various units fulfil plans for first day of new year

Various units have carried out their plans for the first day of the new year. The Namhung Youth Chemical Complex fulfilled its

January 05, 2026

Various units have carried out their plans for the first day of the new year. The Namhung Youth Chemical Complex fulfilled its

Hypersonic missile launching drill conducted in DPRK

Hypersonic missile launching drill conducted in DPRK

A sub-unit under a major firing strike group of the Korean People's Army conducted a missile launching drill on January 4. The

January 05, 2026

A sub-unit under a major firing strike group of the Korean People's Army conducted a missile launching drill on January 4. The

China applies sanctions against US

China applies sanctions against US

As regards the US’ announcement of a large-scale arms sale to Taiwan of China, the Chinese government issued a decision on

January 05, 2026

As regards the US’ announcement of a large-scale arms sale to Taiwan of China, the Chinese government issued a decision on

Socialist rural communities undergo drastic change in appearance

Socialist rural communities undergo drastic change in appearance

The rural communities of the country have taken on a new appearance day after day. Last year, the fourth year of implementing the

January 05, 2026

The rural communities of the country have taken on a new appearance day after day. Last year, the fourth year of implementing the

New houses built at farms in North Hwanghae Province

New houses built at farms in North Hwanghae Province

Agricultural workers of the Songjuk Industrial Crop Farm under the North Hwanghae Provincial Rural Economy Committee and the

January 05, 2026

Agricultural workers of the Songjuk Industrial Crop Farm under the North Hwanghae Provincial Rural Economy Committee and the

Country afire with volunteering enthusiasm all year round

Country afire with volunteering enthusiasm all year round

Country and youth are one Last year, too, many young people volunteered for workplaces in response to the country’s call. With

January 05, 2026

Country and youth are one Last year, too, many young people volunteered for workplaces in response to the country’s call. With

Respected Comrade Kim Jong Un visits major munitions factory

Respected Comrade Kim Jong Un visits major munitions factory

Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People’s

January 04, 2026

Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People’s

Nigerien government forbids Americans to enter its country

Nigerien government forbids Americans to enter its country

The Nigerien government took a measure to stop issuing visas for Americans and forbid them to enter its country. According to the

January 04, 2026

The Nigerien government took a measure to stop issuing visas for Americans and forbid them to enter its country. According to the

New houses built in South Hamgyong Province

New houses built in South Hamgyong Province

New houses were built at the Choun Farm in Hamhung City, South Hamgyong Province, and Ssangbong Farm in Hoesang District of the

January 04, 2026

New houses were built at the Choun Farm in Hamhung City, South Hamgyong Province, and Ssangbong Farm in Hoesang District of the

2025, year of stride forward in education

2025, year of stride forward in education

In 2025, too, the DPRK made considerable successes in education work that the Workers’ Party of Korea and the government put

January 04, 2026

In 2025, too, the DPRK made considerable successes in education work that the Workers’ Party of Korea and the government put

More Articles