As the Ukraine proxy war triggers economic crisis across the West. Zelensky has kicked of a campaign inviting foreign investors to plunder his country and is crushing the labor rights of his citizens.
Ukrainian President and part-time celebrity endorsement-provider Volodymyr Zelensky rang the bell at the opening ceremony for the New York Stock Exchange on September 6.
Zelensky’s virtual arrival to Wall Street was intended as an opportunity to pitch his government’s newly-launched #AdvantageUkraine campaign to investors. The appeal represents a collaboration between the Ukrainian government and WPP, the largest advertising firm in the world.
The president’s Wall Street event coincided with an impending economic collapse in Western Europe, where the European Investment Bank has admitted the Ukraine proxy war could “push many into poverty.” Just a day before Zelensky’s speech, the Euro plunged to a 20-year low after Russia halted gas supplies to Europe in response to Western sanctions.
“We now expect the Euro to fall further below parity (with the dollar) and remain around that level for the next six months,” Goldman Sachs strategist Michael Cahill told Reuters.
Meanwhile, both the S&P 500 and Dow Jones Industrial average continued their decline following Zelensky’s speech, with high inflation rates scaring off investors.
This August, Zelensky signed a bill into law that stripped 70 percent of the Ukrainian workforce of its collective bargaining rights. The bill specifically targeted SME’s, or small to medium-sized enterprises with less than 250 employees. These happen to be the same sized companies for which the Advantage Ukraine campaign seeks foreign investment.