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Loan to Ukraine From Russian Frozen Assets to Undermine Confidence in Europe

© Sputnik / Alexey SuhorukovEuro money
Euro money - Sputnik India, 1920, 02.10.2025
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Providing Ukraine with a loan secured by frozen Russian assets will undermine the confidence of foreign investors from the Global South in Europe and the euro in particular, Richard Sakwa, a UK political scientist and professor emeritus of political science at Kent University, said on the sidelines of the Valdai Discussion Club.
On Wednesday, European foreign policy chief Kaja Kallas said that there was no consensus among EU leaders on granting Ukraine a "reparations loan" backed up by frozen Russian central bank assets, rather than by revenues generated from them.
He added that von der Leyen's plan to use Russian assets is a "legal attempt to do an illegal action." Sakwa noted that large Western business assets remain in Russia, and their owners cannot withdraw them from the country.
Sakwa said that a number of Western business representatives had tried to maintain normal relations with Russia, and expressed the opinion that confiscating their assets in response to the EU's actions would be a mistake.
Coins of 1 ruble and 1 euro against the background of a 5 euro banknote. - Sputnik India, 1920, 01.10.2025
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