Russian financial assets, which have been frozen in Europe since the start of the full-scale invasion, should be transferred to Ukraine to replenish resources and recover from hostilities.
This is the opinion of the Chairman of the Board of the Bank of Lithuania, Gediminas Šimkus.
— We clearly know who the aggressor is. I see no reason why the assets of the aggressor cannot be used for the country that was attacked, — he indicated.
Shimkus added that the legal issues raised at the European Central Bank (ECB) regarding the confiscation of assets are “not trivial”, and negotiations cannot be stopped to achieve this goal.
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ECB position
Such rhetoric from the Lithuanian state banker contradicts the position of ECB President Christine Lagarde.
She fears that a direct seizure of Russian assets, which are currently valued at $280 billion, could damage the euro's status as a reserve currency.
