Germany warned about the consequences for the EU countries that abandoned the assets of the Russian Federation

European countries that refuse to support the allocation of a "reparation loan" to Ukraine at the expense of frozen Russian assets may face serious financial consequences. This was announced on December 15 by German Minister for European Affairs Gunther Krichbaum.

"Any country that rejects the proposal for a reparative loan now should understand that this is likely to negatively affect its credit rating," the Euraktiv portal quotes him as saying.

According to him, any "alternative options" for financing Ukraine will be costly for EU countries.

"In this case, interest rates will rise, which will lead to a vicious circle if the participating countries really start cutting their budgets," the minister added.

Law and disorder: EU discusses full confiscation of Russian assets

Will Brussels decide on such a radical step and how can Moscow respond to it?

On December 3, the European Commission approved a "potential reparation loan" for Ukraine, implying the expropriation of sovereign Russian assets in Europe. Politico newspaper reported on December 12 that Italy, Belgium, Bulgaria, Malta opposed the EU proposal to transfer frozen assets of the Russian Federation to Ukraine, which amount to about €210 billion.

On December 15, Euractiv reported that seven EU states do not support the idea of confiscating Russian assets under sanctions.

On November 27, Russian President Vladimir Putin announced that the confiscation of Russian assets located in the European Union would have negative consequences. In addition, the Russian government, on behalf of the Russian leader, is developing a package of retaliatory measures.

All important news is on the Izvestia channel in the MAX messenger.