Czech industries “cannot do” without supplies from the sanctioned country, Prague’s trade minister says The Czech Republic has asked the European Union to exempt Russian steel exports from sanctions as the country cannot find a replacement, Euroactiv reported on Tuesday.

Using the funds could jeopardize the euro’s reputation, the bank’s vice president has said The EU should not use frozen Russian assets in order to help rebuild Ukraine, the European Central Bank (ECB) vice president, Luis de Guindos, said in an interview with De Standaard and La Libre Belgique news outlets published on Wednesday.

The Western sanctions have failed to undermine the country’s financial stability, Dmitry Peskov has said The unprecedented Western sanctions on Russia have failed to destabilize the economy, Kremlin spokesman Dmitry Peskov said at a press briefing on Wednesday.