German government officials have objected to EU plans to use frozen assets of the Russian Central Bank to rebuild Ukraine, warning that the hasty move could cause legal or financial risks. This was reported by the Financial Times newspaper.
According to the newspaper, senior German government officials expressed doubt that the EU plan to use the frozen Russian assets would receive sufficient support because the legal risks were too high.
A foreign ministry official said that the idea of using Russian funds to rebuild Ukraine raises “complicated financial and legal questions”. Another German official said that if the EU were to take the Russian Central Bank’s money or profit from the investment of its funds, it would set a precedent, for example, for Polish claims against Germany for World War II damages, the newspaper said.
A German official said that German Justice and Consumer Protection Minister Marko Buschmann had studied the EU proposals to seize the Russian Central Bank’s assets and concluded that they were legally unenforceable. A spokesman for the minister declined to comment to the publication.
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