Media: EU and ECB argue about the possibility of using the assets of the Russian Federation in the interests of Ukraine
[ad_1]
The European Union argued with the European Central Bank (ECB) about the possibility of using the frozen assets of the Central Bank of Russia to finance reconstruction work in Ukraine. About it informed Bloomberg citing sources.
Differences in the issue of using the assets of the Russian Central Bank occurred between representatives of the executive branch of the EU and ECB President Christine Lagarde. Lagarde believes that the actions against the frozen assets pose a threat to the liquidity of the euro and the financial stability of the union as a whole, the newspaper specifies.
At the same time, according to the European Commission, the risks were assessed back in February 2022, after the freezing of assets against the backdrop of the start of Russia’s special operation in Ukraine.
After the start of the special operation in Ukraine, Western countries blocked 300 billion euros of reserves of the Central Bank of Russia and 19 billion euros of private funds of Russian businessmen, said in November 2022 the head of the European Commission, Ursula von der Leyen. Since then, EU countries have been discussing various mechanisms for the confiscation and use of Russian assets, as well as their transfer to Ukraine. The Kremlin called the blocking of assets theft and promised to take retaliatory measures.
On July 12, the leaders of the G7 (G7) countries suggested in its declaration to keep Russia’s assets frozen until Moscow “pays” for the damage caused to Ukraine.
[ad_2]
Source link
