#DecencyNeeded Today marks four years since Russia’s full-scale invasion of Ukraine: Four years of missile strikes on cities. Four years of infrastructure deliberately targeted. Four years proving that war in the European Union never stays confined to the battlefield. As Financial Times Europe Express columnist Laura Dubois reports this morning, European Commission President Ursula von der Leyen travels to Kyiv under the shadow of a blocked €90 Billion support-package: https://www.ft.com/content/50acc6ee-c3c3-4ebc-bf77-b49c4b3490cd A twentieth sanctions round stalls. A single veto fractures momentum. Ukraine President Zelenskyy is blunt: survival is not abstract. Energy grids are still being hit. Ammunition is still rationed. Diplomacy continues and without without illusions. This anniversary is not just about Ukraine. It is about whether our systems still recognise decency as a constraint on power?

To answer that question, we need a language older than geopolitics, older than financial engineering, older than climate modelling. We need to understand what dignity actually is . . . not as sentiment, but as structure. Ancient Chinese philosophy offers five characters that still name the architecture of durable systems. They are not relics. They are diagnostics. They lead, inevitably, to a small country that rarely appears in the headlines but is always present in the fine print. A place where money goes to be “administered”. A place that tests whether and how we mean what we say: The Grand Duchy of Luxembourg.

The first character is 威. Wēi. This pictogram shows an axe above a woman: authority so legitimate it need not strike. The axe is present. The restraint is chosen. Respect flows from both. Russia’s invasion was not merely illegal. It was indecent in the most precise sense: power without the dignity of self-limitation. Borders dismissed as technicalities. Truth turned into a weapon. The axe falls constantly because the authority to withhold it was never cultivated.

When power loses 威, it does not become harmless. It becomes predatory.

Ukraine is defending something Ukraine may not name in these terms, but embodies daily: the principle that power must be visible and restrained. That sovereignty is not just territory, but the right to be free from coercion disguised as necessity.

The second character is 严. Yán. This pictogram depicts a figure on a cliff, issuing proclamations. Solemnity. Strictness. The seriousness of moral order enforced. Not suggested. Not negotiated. Enforced. The European Union‘s unity is straining today not because treaties are weak, but because 严 is no longer uniformly applied. A veto deployed in wartime is not procedural neutrality. It is a signal that boundaries have become optional. Alongside Ursula von der Leyen in Kyiv today are leaders from the “coalition of the willing”: those member states ready to move faster than formal EU processes allow. They gather because they understand that 严 cannot wait for consensus when boundaries are being violated daily.

Luxembourg is where the coalition’s financial commitments land, are processed, are reviewed, and become executable. The Grand Duchy is the quiet partner in every headline: present in the fine print, and more often than not absent from the photo.

When Zelenskyy warns that blocking essential aid aligns one with aggressors, he is not speaking rhetorically. He is naming what happens when solemn commitments lose their sternness. When violations carry no cost, the cliff erodes. Soon, there is no high ground left from which to speak. Societies do not collapse because they face stress. They collapse because they normalise boundary violations. 严 is the mechanism that prevents normalisation.

The third character is 尊. Zūn: hands holding a ritual vessel. An object offered in reverence because it deserves reverence. Honour in this tradition is not asserted. It is recognised. It flows from what the vessel contains. Consider private credit markets today. While US banks report nearly $300 Billion in profits, and analysts call it “a happy year” . . . meanwhile a $1.8 Trillion private credit market quietly reveals stress: funds restrict redemptions, liquidity promises are revised, and assets sold internally to affiliated insurers. None of this guarantees collapse. But it guarantees something else: Lehman Brothers-style opacity. When complexity becomes a substitute for transparency, 尊 has already been compromised. Institutions claim the status of trustworthiness without earning it through visibility. They hold up the vessel and expect reverence, but what it contains is increasingly unclear. A decent financial system does not rely on trust alone. A decent financial system earns trust through visibility.

The fourth character is 体. Tǐ. It combines “bone” with “ritual.” Literally: the bones of ritual. Proper conduct must be embodied, physical, visible. Dignity is not an idea. It is posture, form, the shape your system takes in the world. This is where climate action ceases to be abstract and becomes structural. Regenerative agriculture, circular economy design, distributed renewables, active mobility: these are still framed as ethical upgrades. They are not. They are 体 made manifest. They are the physical form that resilience takes.

For decades, Europe’s energy posture was the opposite of 体: dependence on Russia’s fossil fuels because Russia’s fossil fuels were sold as “cheaper” . . . because extraction was sold as out-performing regeneration . . . because Big Pollution’s externalities could be “postponed”. The bills keep arriving. They always do. Decency in climate policy is not virtue. It is foresight. Decency is building systems whose form already contains the integrity they claim.

The fifth character is 节. Jié. The bamboo joint. The knot that divides one segment from the next. The point of strength that allows the stalk to grow tall without breaking. Bamboo is hollow, yet it stands. The joints make this possible.

Ukraine embodies 节. So does any investor choosing regeneration over extraction when the latter is subsidised to be cheaper today. So does any European Union leader facing down a veto rather than normalising it. So does any regulator demanding visibility from markets that prefer opacity.

节 is not tested in calm. It is revealed under pressure. In 2008, we were told the system was sound. It was not, because 节 had eroded everywhere risk had migrated beyond sight. Today, we are told profits are strong, risks are managed, diplomacy is advancing. Perhaps. But resilience is not measured in calm. It is revealed under pressure. If we allow opacity in finance, delay in climate action, and hesitation in the face of aggression, we are not choosing pragmatism. We are choosing tick-tock tick-tock fragility. We are choosing systems without joints: hollow stalks that cannot stand.

These five characters have led us somewhere specific. Not an abstraction. A place: The Grand Duchy of Luxembourg. The Grand Duchy of Luxembourg is a mirror. A place where the global architecture of finance reveals its true shape because Luxembourg does what it was engineered to do: perform efficiently, discreetly, and within the law. Question: is Luxembourg where money too often goes to lose its muscle-memory? Fortunes arrive with histories attached: origins in extractive industries, connections to compromised regimes, proximity to organised crime, adjacency to intelligence services. What happens next?

What is the “Vision Zero” for enablers of Aggression?

Luxembourg must be the ground-zero for Decency Tests because Luxembourg is uniquely positioned to be ground zero for the gap between honour claimed and honour earned. The country claims the status of a sophisticated financial centre. Luxembourg earns that claim only to the extent that regulations, enforcement, culture of compliance and _ _ _ _ _ _ match (or exceed) rhetoric.

What happens when any of these five characters are forgotten? And so we arrive at zero: zero is not nothing. Zero is the point where systems and individuals meet. Zero is the moment of decision. Zero is the space between words and actions. Zero is the space where conduct reveals commitments. Zero is the gap between honour claimed and honour earned. Zero is what remains when you strip away the rhetoric and look at what actually happened. Zero is the distance to decency when memory is optional, scrutiny is performative, and shock is just a feeling. Zero is the stage. The problem?

The problem is what happens on that stage every day: fortunes arriving with compromised histories, professionals looking away, compliance officers who should never hold those titles, CEOs who express Casablanca Casino-style “shock, shocked”, take their “winnings” . . . and change nothing.

Ground zero for the Decency we need is not a trench in eastern Ukraine. It is a boardroom in Luxembourg. A compliance meeting. A moment when someone says: “this client’s money has a history we cannot accept.” Those moments happen every day. Most days, the answer is yes. The client stays. The fees continue. The system hums along. But some days, someone says no. Some days, someone resigns. Some days, the bamboo joint holds.

Four years into this war, the question is no longer whether we in The European Union understand the stakes. The question is whether we still believe decency is non-negotiable . . . especially when Decency costs money, comfort, and political convenience.

Because without 威, power becomes predatory.

Because without 严, boundaries become optional.

Because without 尊, markets become extractive.

Because without 体, values become performative.

Because without 节, stability becomes a story we tell ourselves, right up until it breaks.

Luxembourg is ground zero for this test because it is uniquely revealing . . . . because, four years into a war that has shown us exactly what indecency looks like when unrestrained . . . Luxembourg is the place where money cannot forget the place where memory matters most. Ancient China understood that dignity was never sentimental. It was structural. These five characters still name what we are defending: in Ukraine, in finance, in climate, in every system that claims to serve human flourishing, and in every Luxembourg boardroom where a decision about whose money to handle is actually a decision about who we are.

Decency is the discipline of durable systems. Let us build those systems . . . with visibility, with restraint, with boundaries that hold, with form that reflects integrity, with courage that costs something. Together. Especially here in Luxembourg.

威 • 严 • 尊 • 体 • 节 #Youth4Planet #EUClimatePact #Ukraine #DecencyNeeded

Further Reading:

• 24th February 2026 – Financial Times’ Europe Express column https://www.ft.com/content/50acc6ee-c3c3-4ebc-bf77-b49c4b3490cd
• 23rd March 2022 – Rolling Stone Magazine: Exclusive: Sources Say Oligarch Funded Scheme to Paint Swastikas in Ukraine https://www.rollingstone.com/politics/politics-features/putin-russia-ukraine-invasion-nazi-operation-1325817/
• 24th March 2022 – The Times of Israel: Jewish businessman paid for Nazi graffiti in Ukraine before Russia invaded – report https://www.timesofisrael.com/businessman-paid-for-nazi-graffiti-in-ukraine-ahead-of-russian-invasion-report/
• 30th January 2023 – The Guardian newspaper: Oligarch hit by Ukrainian sanctions has UK residency and was given ‘golden visa’ . . . Pavel Fuks, a Ukrainian who made a fortune in Russia and is under investigation for fraud, was granted special visa for the rich in 2012 https://www.theguardian.com/world/2023/jun/30/oligarch-hit-ukraine-sanctions-uk-residency-golden-visa-pavel-fuks
• 23rd February 2026 – Financial Times: Volodymyr Zelenskyy said Russia and Ukraine were at the “beginning of the end” of Europe’s biggest conflict since the second world war, but urged Washington to see through Vladimir Putin’s negotiating “games” https://www.ft.com/content/1831225f-0db6-4ecc-8409-f520f74e4129