George Soros is known by many as a billionaire hedge fund giant who made most of his fortune from his then Quantum Fund. Today, he owns and operates Soros Fund Management.
In relation to his investment career, he is also the author of finance-related books such as The Alchemy of Finance and The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means, and The Tragedy of the European Union.
Aside from being an author and a trader, George Soros is also a philanthropist. He is the chairman of Open Society Foundations, which is active in helping citizens in countries in transition from communism.
As a philanthropist, he is also active in several campaigns to support countries that are in danger of political and international conflicts today. One of them is Ukraine that is facing threat from Russia.
In his article on Ukraine & Europe which was published in The New York Review of Books, he stressed two things:
l US and EU sanctions against Russia is a big mistake
l Ukraine needs support to counter Russia
On US and EU Sanction
Soros said that US and Europe’s sanction against Russia is a necessary evil. It is necessary in order to destabilize Russia from attacking Ukraine. It is evil because the effect of this sanction does not only hurt Russia’s economy but also that of US and Europe.
Russia also has debt to pay to international creditors, so the internal crisis that it is now facing is also creating another bubble that may spread not only to US and Europe but also globally.
Moreover, Russia is ready to risk everything not only militarily but also financially for its Ukraine campaign, but US and EU are not even willing to wage war against Russia militarily. Therefore, the sanction is a big mistake.
On Support for Ukraine
Soros stressed that European Union needs to support Ukraine to defend itself from Russia. This support will not only help Ukraine against Russian aggression but also Europe.
According to Soros, Europeans are not aware that they are the ones under attack by Russia. If they help Ukraine, this tendency will be hindered.
Soros emphasized that Putin is serious in rebuilding the Russian Empire. It is evident in Putin’s strategy to appeal to Russian citizens that the crisis is due to the pressure imposed by US and Europe.
This is the reason why the sanction is a big mistake. But if only the US and EU focused its support on Ukraine to disappoint Russia, Putin would become under pressure by his own citizens to stop similar campaigns.
However, Soros noted that the strategy of helping Ukraine is far from Europe’s mindset. This is why George Soros is actively campaigning for the support of Ukraine. He even sent papers to European leaders about a strategy to save Europe by preventing the fall of Ukraine.
George Soros is serious in convincing Europe and US to provide support to Ukraine. He does not only campaign for it through his literary genres but is also visiting Ukraine and operates his own foundation there.