At the crossroads: in Europe they do not know how to give Ukraine frozen assets of the Russian Federation

It is reported that officials in the executive power of the European Union disagree with the President of the ECB Christine Lagarde, who claims that actions against sanctions assets destabilize the financial stability of the eurozone and affect the liquidity of a single currency. The journalists say that the European Commission opposed the ECB arguments, saying that any risk was already estimated during the first blocking of Russian assets in February 2022, when Russia was just invading Ukraine.

It is noted that none of these fears have yet been confirmed. These differences were manifested at the meeting of the Evrozone finance ministers, which was attended by Lagarda and the Vice President of the European Commission Valdis Dombrovskis. According to the head of the European Central Bank, the tax on unpredictable expenses will adversely affect the euro and will lead to rethinking of reserves owners.

The publication also states that some of the Bloc states agree with Christine Lagarda's arguments, but there are those who are sure that the European Union is time to move forward in the use of blocked Russian assets. In the winter, it was known that the EU is studying how to combine blocked assets related to Russia and profit that could be used to finance Ukraine's restoration.

That is, then it was not about the transfer of the confiscated funds of the aggressor, but only that Ukraine would receive interest income from these funds. At the same time, Vitaliy Shapran, an economist, a member of the Financial Analytics Society, in February 2023 told focus that the volume of assets that Ukraine could get from the EU as part of confiscation may be at the level of 300-400 billion euros.

But the final amount depends on the rate of euro and the speed of European competent assets search. Recall that discussions about the transfer of profit from billions of euros of Russian assets left in the world financial markets have been ongoing in the European Union since the end of May this year.