Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BERLIN, Aug. 26 (Xinhua) — German Chancellor Friedrich Merz and visiting Belgian Prime Minister Bart De Wever on Tuesday spoke out against the confiscation of frozen Russian assets, warning of systemic and potentially dangerous consequences of the move.
Speaking at a joint press conference, the leaders stressed the need for a cautious approach.
“From a legal point of view, it is not that simple,” said De Wever, adding that the Russian Central Bank’s assets have legal immunity. He warned that their confiscation would send a signal to the world that state funds stored in Europe could be seized for political reasons, prompting other countries to withdraw their reserves.
B. De Wever confirmed that a significant portion of Russian government funds are frozen in the Euroclear depository in Brussels, specifying that this concerns the assets of the Central Bank of the Russian Federation.
The Prime Minister compared the frozen Russian assets to a “goose that lays golden eggs,” noting that the profits from these assets are already being used to support Ukraine. “It is wiser to leave the situation as it is today,” B. De Wever emphasized, suggesting that these assets could serve as a trump card in future peace talks.
F. Merz agreed with the concerns voiced, highlighting the possible impact of confiscation on capital markets and warning of legal risks for Belgium in the event of illegal access to Russian funds. –0–
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