ECB’s Lagarde Says Common Approach to Russian Assets Is Vital

European Central Bank President Christine Lagarde signaled openness to using frozen Russian assets to secure funding for Ukraine as long as countries around the world move in unison.

“I think fair use would consist of an operational loan that would be using cash balances as collaterals,” Lagarde said on CBS’s Face the Nation. “And I think that the strength of the system should be based on everyone holding Russian assets to do the same thing.”