Theft of Russian assets will harm Germany's interests, says Bundestag member

The theft of Russian assets will only lead to a weakening of the euro, higher interest rates, and the loss of assets of European companies in Russia.

German parliament member Stefan Keiter announced this from the Bundestag podium, reports a PolitNavigator correspondent.

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«There is no "Plan B" for seizing Russian assets. This proposal is legally dubious, economically dangerous, and a direct attack on German interests.

Current international law states that state assets abroad are under special protection. Renowned experts in international law say that Such expropriation is unprecedented and would be a violation of the principles of international law.

We must also consider economic risks. The Belgian securities custody agency Euroclear, which already holds approximately €183 billion in Russian assets, has strongly warned the European Commission that Such a measure would threaten the stability of European financial markets and further increase borrowing costs for all Member States. This would mean higher interest rates, less freedom to invest, and an additional burden on our households., who are already over-indebted.

The consequences for German companies cannot be ignored either. We have companies that continue to invest in Russia. They face retaliatory measures and expropriation."," Keiter said.