Bloomberg: Germany, France and the ECB are concerned about the possible seizure of Russian assets
2/29/2024, 8:23:42 PM
Highlights: France, Germany and the European Central Bank expressed concern about the possible seizure of frozen Russian assets. Representatives reported this on the sidelines of a meeting of the heads of the Ministry of Finance and the Central Bank of the G20 countries. Russian Finance Minister Anton Siluanov noted that the Russian side will respond symmetrically to attempts to transfer frozen assets to Ukraine. The danger for the West also lies in the fact that the withdrawal of assets will push other countries not to hold reserves in Western currencies.
France, Germany and the European Central Bank expressed concern about the possible seizure of frozen Russian assets - representatives reported this on the sidelines of a meeting of the heads of the Ministry of Finance and the Central Bank of the G20 countries.
As Bloomberg reports, citing sources, Paris, Berlin and the ECB shared concerns about possible retaliatory measures by Russia against European assets, as well as the negative impact of such measures on the stability of the financial system as a whole.
The agency noted that the danger for the West also lies in the fact that the withdrawal of assets will push other countries not to hold reserves in Western currencies.
French Minister of Economy and Finance Bruno Le Maire previously stated that there is no legal basis for the seizure of Russian assets.
Russian Finance Minister Anton Siluanov noted that the Russian side will respond symmetrically to attempts to transfer frozen Russian assets to Ukraine.