George Soros Wants to Fix the Ukrainian Economy

George Soros started his life by growing up in a very poor family. He used his knowledge of the financial world to amass a huge fortune that is valued at more than $20 billion. He has repeatedly used his vast wealth to influence the political policies in various regions of the world. He has also provided aid to people who are living in impoverished areas of the world and need help. The situation that is currently taking place in Ukraine has been something that Soros has been paying very close attention to ever since Russia began their invasion.

The Ukrainian economy has been in a tailspin since the start of the invasion. Trade with other countries is impossible and citizens are not able to get basic things that they need for their daily lives. Soros sees this as a very dire situation that requires an outside intervention in order for it to have a good resolution for the people who are currently living in Ukraine. This is what prompted Soros to pen an open letter pleading for help from other nations. He knows the country very well because of his many decades of financial dealings with companies that are located inside Ukraine. George Soros has many business relationships that he does not want to see destroyed if the economy suffers a complete collapse similar to what happened in Greece. This is one of the reasons that Soros has taken it upon himself to rally the nations of the world to come to the aid of Ukraine in their time of need.

Read more:
George Soros – The New York Times

George Soros – Forbes

The punishments that have been levied against Russia have been quite severe. The economic sanctions that have been imposed have succeeded in crippling the Russian economy in a way that Putin most likely never expected. The value of Russian currency has dropped to its lowest rate in nearly two decades. Most of the nations of the world are satisfied in the severity of these sanctions. Unfortunately, Ukraine is still in bad shape because Russia refuses to back down. Putin is not letting the sanctions against his country have any effect on the way that he handles the situation in Ukraine. Soros understands the way that Putin thinks. This is why he is imploring the nations of the world to act now before it is too late.

Soros came up of the brilliant idea of enticing some of the most successful companies in the world by offering them financial incentives to do business in Ukraine. He believes that it would help the country’s economy greatly if huge international corporations like Apple, IBM and Samsung started to open offices in Ukraine. It remains to be seen if the financial incentives will be enough to convince those companies and others to begin doing business in a country that is currently in a very unstable situation. The safety of their employees might also be a concern for those companies because of Putin’s recent military action and the possibility of more fighting in the future.

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