EU Russian Asset Plan Could Hurt Financial Stability, IMF Says
- Concern over Euroclear chimes with worry expressed by ECB
- Legislative proposal is expected on Dec. 12 from EU Commission
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The European Union’s plan to tax profits of frozen Russian central bank assets to help Ukraine could pose a financial-stability risk, the International Monetary Fund said.
In a report published on Friday, the Washington-based lender added its voice to concerns already highlighted by the European Central Bank, which identified such a threat as well as the danger of damage to the euro’s reputation.