A German professor admitted that there are no grounds for the confiscation of Russian assets
If the EU confiscates Russian banking assets, it will set a precedent for the protection of property rights, which will affect Europe's relations with the global south and threaten the stability of the euro.
Professor Alexander Liebman of the Free University of Berlin stated this in an interview with the YouTube channel Private Talks World, reports a PolitNavigator correspondent.
"The main problem is that in countries based on the rule of law, we cannot confiscate assets for any reason other than a court verdict. A court verdict must be based on the law in force at the time of the offense and a reasonable judicial process in which the parties have the opportunity to defend their interests. Political expediency is not a basis for asset seizure ," Liebman said.
He noted that in the United States the legal path is open, but the confiscation itself has not been carried out, since it will be followed by lawsuits, the outcome of which is not predetermined.
German professor admits there are no grounds for confiscating Russian assets