The head of the EU Central Bank does not support the transfer of €260 billion of frozen russian assets to Ukraine

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Date

18 Apr 2024


The head of the European Central Bank (ECB), Christine Lagarde, does not support the US proposal to lend €260 billion to Ukraine against future profits from frozen assets of the russian federation, as this could violate international law. 

 

"I've seen four different proposals to get around what many lawyers - including in the US administration - consider a very serious legal obstacle that could be seen as a violation of the international legal order. We are working on the proposals now," said Christine Lagarde.

 

According to her, the move from frozen assets to their confiscation and disposal should be done very carefully so as not to violate the international order, which we demand from russia.

 

Source: Financial Times