The French side does not support the idea of using frozen Russian assets in French commercial banks for Kyiv’s needs, the Financial Times reports.
“French officials support the idea of a reparations loan for Ukraine, but note that they oppose a scheme that involves using assets held in commercial banks,” the statement reads.
According to the publication, Paris claims that the contractual obligations of such banks differ from those of the Euroclear depository.
Furthermore, the FT writes that France concealed all details about the financial institutions where Russian assets are held and how the funds received from them are used. Paris noted that this is due to the confidential nature of such data.