Using Russian assets frozen following the EU’s unilateral decision will pose risks to the reputation of the euro as a currency. This was announced by European Central Bank Vice President Luis de Guindos, he writes Bloomberg.
As the banker stated in an interview with the publication, an agreement on this issue seized within the scope of sanctions needs to be reached at the G7 level. According to the ECB, more than 200 billion euros of Moscow management assets are blocked in the euro zone.
The Vice President emphasized that the euro is the second most important currency in the world market and unilateral steps could damage confidence in the euro. According to the banker, it is better to find funds “in a different way” to revive Ukraine.
At the same time, the EU is discussing plans to impose a “profit tax” on seized assets and direct the revenues to Kiev’s needs. However, the ECB has previously expressed concerns that such a decision could lead to negative long-term consequences.
Before that Czech MPs offered Nationalize Russian property.
Earlier, the economist reported in Europe: started We regret the freezing of Russian assets.