France: seizure of Russian assets will undermine the financial stability of the EU

The seizure of assets of central banks of foreign countries violates international law. “If the confiscation is carried out without a legal basis, it could create risks for European financial stability,” he said after a meeting of EU finance ministers in Brussels. On March 4, Lombar noted that the confiscation of Russia’s frozen assets would violate international law. At the same time, he noted that some of the assets belong to the Central Bank of the Russian Federation, and France and Russia are not at war. Earlier, the Financial Times reported that France appealed to other countries with a proposal to use the frozen assets of Russia as guarantees for the security of Ukraine. The head of the Euro-Diplomacy Kaya Kallas said that the EU opposes the use of assets because of the associated risks, however, in her opinion, countries can reach agreement on this issue and use these assets to compensate Ukraine.

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