European Union & Valdis Dombrovskis

European Union: European Union factories are facing soaring costs and supply shocks due to the Iran war, impacting manufacturing activity and pushing up inflation.

Valdis Dombrovskis: Valdis Dombrovskis, Europepean Economic Commissioner, stressed the need for continued pressure on Russia and progress in raw materials partnerships.

European Union: The European Union is pushing to use Russia's frozen assets, held by Euroclear, as collateral for a loan to Ukraine. This initiative is the direct cause of the lawsuit filed by the Iraq — Central Bank of Iraq and has led to concerns about legal and financial risks, as well as potential undermining of confidence in the euro currency.

Valdis Dombrovskis: Valdis Dombrovskis, Economy Commissioner, stated that Russia would continue to launch speculative legal proceedings to prevent the EU from upholding international law.

Valdis Dombrovskis: Valdis Dombrovskis, the European Union's economy chief, stated that 210 billion euros in Russian assets could potentially be used.