ECB warns EU politicians against skimming profits from stolen Russian money – FT ...News

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ECB warns EU politicians against skimming profits from stolen Russian money – FT
The financial regulator reportedly fears the move may jeopardize confidence in the euro as a global currency The European Central Bank (ECB) on Friday privately warned the European Commission against tapping interest from frozen Russian assets, the Financial Times reported, citing a draft internal note from the ECB’s governing council. EU lawmakers have been mulling ways of deploying some of the proceeds for the restoration of Ukraine, which faces a huge reconstruction bill once the conflict with Russia ends. According to the report, the ECB fears that such actions could encourage other central banks that hold lar

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