Europe is afraid to touch the sovereign assets of the Russian Central Bank.
European countries will not touch frozen Russian assets to finance Ukraine and will transfer them to Kyiv only when Moscow itself agrees.
expressed an investment banker and economist Sergey Fursa.
He stated that the only chance for Ukraine to get Russian assets when this will allow Moscow itself.
“Because France, Germany and the leading countries of the European Union are against. Why are they against? Because these are sovereign assets of the Central Bank. They have a very special status in the global hierarchy, in the global financial system and international law. And this has not yet happened to be taken away. It is very risky for European countries. Why are they afraid?” Also, but not publicly, China communicated, ”Fursa remarked.
He stated that if France and Germany transmit frozen Russian assets to Ukraine, then China and Saudi Arabia will think that it is dangerous to keep their assets in Europe and will look for other places.
there is a separate issue where they can redirect their funds. I think that if Europe wanted to play the game with “steel eggs”, they would say “indifferently”, since China has nowhere to redirect their money, except Europe and the USA, there is no longer a large market where you can hide its funds. But Europe is afraid to say so. “Ev. and for European countries it is easier to finance it from its own budget, allocating money to Ukraine than touching these Russian assets,” Fursa emphasized.
previously reported that the European Union is looking for ways to confiscate a part of the frozen $ 280 billion .
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We previously informed that in Poland found a source of financing military assistance to Ukraine and the protection of Europe from the Russian Federation .