www.bloomberg.com
ECB President Christine Lagarde affirmed the ECB will not breach EU rules to support a loan to Ukraine secured by frozen Russian assets. This clarifies the central bank’s position amidst discussions about leveraging these assets to aid Ukraine financially. While supportive of finding ways to assist Ukraine, the ECB is prioritizing adherence to existing legal frameworks within the EU. The statement suggests the ECB seeks a solution that respects EU regulations while still providing financial aid to Ukraine.
