In the event of the seizure of Russia’s foreign assets, the main economic and reputational blow will fall on Europe, since such actions would violate the rules of cooperation between countries. The agency’s columnist writes that the main victims of such actions will be European countries Bloomberg Lionel Laurent.
“This is a potentially significant turning point in the effort to punish Russia for its aggression and was recently discussed by ministers from France and Ukraine. But he is sure that this decision requires rethinking.
According to the analyst, if the seizure of frozen assets in the West is approved, there may be a wave of retaliation that will lead to the fragmentation of financial markets. As a result, all Western economic sanctions will become less effective, Laurent explained.
“Europeans are afraid they will have to bear the brunt of this themselves [от решения о конфискации активов]. The expert also stated that the share of the euro in international payments has already decreased.
Laurent suggested using the revenue from the tax instead of seizing assets in favor of Ukraine. Interest income from Russian assets amounted to approximately €3 billion.
The analyst explained that the interest income received belongs to the stock market, not Russia. However, he also warned that even such a move could not completely prevent legal disputes and reputational damage for Europe.
Previously was told One way for Ukraine to reach $300 billion is by selling bonds.