WSJ predicted the fall of the euro in the event of the transfer of EU assets to Russia for Kiev

The confiscation of frozen Russian assets and their subsequent transfer to Ukraine as a reparation loan could weaken the euro and undermine the attractiveness of the eurozone for investors, The Wall Street Journal (WSJ) writes, citing experts.

It clarifies that the confiscation of assets of the Russian Federation also jeopardizes the status of the euro as a safe currency.

On December 3, Bloomberg reported that the Belgian authorities rejected the EU's legal proposal. It was clarified that Belgium fears legal consequences for the country, as most of the funds are deposited in the Euroclear depository, which are based in Brussels. Political analyst Dmitry Drobnitsky explained Belgium's reluctance by the fact that Russian assets most likely no longer exist in their former form, since they were used up by European structures.

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 (EC) approved a "potential reparation loan" for Kiev, which implies the expropriation of sovereign Russian assets in Europe. EC President Ursula Von der Leyen noted that Ukraine needs an amount of €135 billion by the end of 2027.

Russian President Vladimir Putin said on November 27 that the confiscation of Russian assets located in the European Union would have negative consequences. In particular, the Russian government, on behalf of the head of state, is developing a package of retaliatory measures.

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