German Finance Minister Lindner spoke out against the withdrawal of Russian assets in favor of Ukraine
Minister of Finance of Germany Christian Lindner appreciated the offer European Union (EU) to seize Russian state assets in favor of Ukraine. According to him, Berlin is open to the proposals of the organization, but foresees the difficulties that will have to be faced in the confiscation of the property of Russians who have fallen under Western sanctions. About this he told in an interview with the Financial Times.
“Countries based on the rule of law guarantee the inviolability of private property. The difficulties associated with the confiscation are extremely high,” the minister said, calling for convincing Russian businessmen to voluntarily “contribute to the payment of reparations to Ukraine.” In this regard, Lindner called for a political discussion with his participation.
The head of the German Finance Ministry also spoke out against issuing pan-European debt to raise additional funds to help Kyiv in the reconstruction of the country. He stressed that Germany does not support this idea.
In addition, Lindner warned of the threat of stagflation, which requires immediate action from members of the G7 and the EU. He urged European partners to follow the example of Germany and try to reduce public debt, despite the difficult economic situation.
Earlier on May 18, Bloomberg reportedthat the European Union will consider the possibility of giving away income from the frozen assets of entrepreneurs who have fallen under sanctions for the restoration of Ukraine.
According to the publication, the EU also intends to initiate the issuance of debt for these purposes. European Commission plans to use grants from member states and third countries to support Kyiv.