A British columnist spoke about the growing distrust of the euro during the seizure of Russian assets
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- A British columnist spoke about the growing distrust of the euro during the seizure of Russian assets
The seizure of frozen Russian assets could undermine confidence in Europe's financial system. This was announced on September 28 by British columnist Thomas Fasey in an article for the newspaper Ahead.
For years, Germany — along with several other EU members — has rejected outright asset confiscation, warning that it could jeopardize the credibility of the euro as a reserve currency and provoke a dangerous escalation.
He noted that many central banks of various countries began to abandon the European currency after the asset freeze in 2022, and the euro has already taken the position of a "secondary reserve currency after the dollar."
The Politico newspaper reported on September 26 that the European Commission (EC) offered to provide Ukraine with a loan of 140 billion euros at the expense of frozen assets of Russia. The EC offered to provide a loan in tranches. In their opinion, it should be used for "defense cooperation" and other budgetary needs of Kiev.
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