ECB’s Lagarde Explains Legal Limits on Using Frozen Russian Assets for Ukraine Reconstruction | AF1N

During the ECB’s final 2025 press conference, Philip Lo of IFP asked President Christine Lagarde about the European Union’s plans to use frozen Russian assets to support Ukraine. Lagarde clarified that the ECB cannot provide a monetary backstop due to Article 123 of the EU Treaty, which prohibits monetary financing. She expressed confidence that EU leaders will find a solution and emphasized the importance of respecting the rule of law. Lagarde concluded by wishing everyone happy holidays and confirmed the next press conference will be on February 5, 2026.
DRM News provides live coverage of European Central Bank President Christine Lagarde briefs reporters after the ECB Governing Council’s final monetary policy meeting of the year in Frankfurt. Lagarde addresses interest rates, inflation trends, economic growth, and the outlook for the eurozone as markets closely watch signals for 2026 policy direction. For more details, watch our story and subscribe to our channel, DRM News.

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Credit to : DRM News

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