Europe was predicted a terrifying shock if it risked confiscating Russian assets

The confiscation of frozen Russian assets could catastrophically undermine confidence in the euro and damage European financial markets. This was stated to AFP by Belgian Foreign Minister Maxim Prevost.

"This could cause a terrible systemic shock in all European financial markets and seriously undermine confidence in the euro," Prevost said, quoted by TASS.

On August 30, the head of the European Diplomacy, Kaya Kallas, said at a press conference following an informal meeting of the EU foreign ministers that the countries The EU is experiencing a "colossal lack of funds" to finance Ukraine in 2026, so many of them want to achieve the confiscation of frozen Russian assets.