Europe may declare a punch against Russia, which it has put on the ice after the invasion of Ukraine, but it does not dare to touch its frozen assets. Belgium Foreign Minister Maxim Prevo, revealing reasons, said that such a situation could cause “horrible systemic shock to all European stock markets, hurt the euro’s credibility very harshly,” Prevo said in an interview with the French. The seizure of the assets of the Russian Central Bank – which are 210 billion in Belgium, under the control of the EUROCLEAR Economic Institute – is requested by many EU member states, mainly by the Baltic. These countries argue that this money could finance EU support in Ukraine at no cost for European taxpayers, while some other countries, over -indebted, are trying to save resources. This proposal is disagreeing with Germany, France and the European Central Bank, […]
Source: News Beast
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