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The idea that the confiscation of Russian assets in the EU will undermine the European currency is wrong, according to Deputy Head of the Presidential Office Iryna Mudra, who until recently served as Deputy Minister of Justice of Ukraine. “When they say that this (confiscation – ed.) can undermine the euro as a currency, it is frankly not true. If the G7 – the issuers of major currencies – make a decision, these risks will be minimized, because there are no alternatives to these currencies,” she says. According to the Euroclear depository, 63% of the 191 billion euros stored there are in euros…

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