EU member says it won\u2019t finance Ukraine<\/a><\/figcaption><\/figure>\n<\/blockquote>\nZakharova argued that, apart from “funding the failed Ukrainian project,”<\/em> the EU is also seeking to use the assets to bolster its own economy, which has been damaged by sanctions targeting Russia’s trade with the West.<\/p>\nHungary and Slovakia have condemned the EU for invoking its rarely used emergency powers to circumvent potential vetoes from individual member states and make the asset freeze indefinite. Hungarian Prime Minister Viktor Orban accused the “Brussels dictatorship”<\/em> of “systematically raping European law.”<\/em><\/p>\nPolitico reported earlier this week that Italy, Belgium, Bulgaria, and Malta asked the European Commission to explore options for providing loans to Kiev other than seizing Russian assets. Belgian Prime Minister Bart De Wever has warned that outright confiscation of the assets would undermine trust in the EU financial system, trigger capital flight, and expose Belgium to legal risks.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ukraine\u2019s European backers have been debating how to repurpose the funds to help Kiev Any attempts by the EU to tap into the frozen assets of the Russian central bank would be illegal under international law, Russian Foreign Ministry spokeswoman Maria Zakharova has said. Earlier this week, the Russian central…<\/p>\n
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