“ECB member supports confiscation of 200 billion euros of Russian assets – PoliticoMārtiņš Kazāks, President of the Bank of Latvia and member of the ECB Governing Council, supported the idea of confiscating frozen Russian assets in Euroclear. He called it a viable option for assisting Ukraine.”, — write: unn.ua
The idea to confiscate nearly 200 billion euros of assets from the Bank of Russia, which are held in the European depository Euroclear, was publicly supported by a member of the Governing Council of the European Central Bank – the President of the Bank of Latvia, Mārtiņš Kazaks, reports Politico, writes UNN.
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“On Friday, Mārtiņš Kazaks, the Governor of the Bank of Latvia, was the first member of the ECB Governing Council to endorse the move towards full confiscation,” stating to Politico that it is a “viable option to assist Ukraine in its fight for freedom and against aggression.”
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