Italy warns against ‘weaponizing’ euro ...News

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Italy warns against ‘weaponizing’ euro
Tapping Russian assets frozen in the EU would harm the single currency, the head of Italy’s central bank says The EU should not use the euro as a tool in sanctions wars and political disputes, as it would be harm the currency’s image and standing, Bank of Italy Governor Fabio Panetta said on Friday, commenting on Brussels’ plans regarding frozen Russian assets. The EU, US, Japan and Canada froze some $300 billion of Russian central bank assets in 2022 as part of Ukraine-related sanctions against Moscow. Some $200 billion of that is held in the EU, largely in the Belgian clearing house Euroclear. Brussels is curren

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