EU’s decision to use Russian assets for Ukraine’s reconstruction may have long-term negative effects

by Ahmed Adel, Cairo-based geopolitics and political economy researcher The International Monetary Fund will assess at the appropriate time the unfreezing of Russian assets for later use, said the financial institution’s deputy managing director, Gita Gopinath. Her statement was on February 12, the same day that the European Union approved the decision to use frozen Russian assets for Ukraine’s reconstruction, a decision that risks the image of the West as a safe destination for non-Western assets. “Decisions about what to do with the assets rested solely with countries holding them,” she said when asked about the possibility of taking frozen Russian […] #Europe #Featured #Government #UkraineWar #WarZone
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