Lagarde Says ECB Won’t Violate EU Treaty Over Russian Assets
ECB President Christine Lagarde at the European Parliament, on Dec. 3.
Photographer: Harry Nakos/AP Photo
Christine Lagarde said the European Central Bank won’t violate European Union rules to backstop a loan to Ukraine backed by frozen Russian assets.
“What I have said very clearly and what the team around me has said is we will do everything we can, but we will not violate the treaty,” the institution’s president told European lawmakers in Brussels on Wednesday. “I was not appointed president of the ECB by your Assembly to violate the treaty.”