The Central Bank of the European Union (ECB) expressed support and willingness to help Ukraine, but expressed indignation with the idea of thawing frozen Russian assets to support the country. Vice president of the ECB Luis de Gindos stressed that this could harm the reputation of the euro as a stable currency.
Where Gindos noted that he supports Ukraine assistance in any possible way, but emphasized that the use of dividends and percent of Russian assets has risks. He called for caution as it can affect the reputation of the euro as a safe currency and cause long -term consequences.
The ECB Vice president also pointed out the need for a global approach to assisting Ukraine by attracting all G7 members. Note that there are other ways of financing Ukraine's restoration, he called for avoiding and caution in managing the situation to avoid reputational risks to the euro.
We recall that Western countries have frozen Russian assets worth $ 300 billion in response to the invasion of the Russian Federation to Ukraine, and the EU and Japan intend to maintain these restrictions. The United States froze Russian sovereign assets worth $ 8 billion.
