Commerzbank's Thu Lan Nguyen said in a report that if the EU uses frozen Russian sovereign assets to provide Ukraine with much-needed financial aid, the euro may be under pressure. The move could “damage the attractiveness of the Eurozone as an investment destination, and in turn cause long-term damage to the euro itself. “Some people are concerned that this move may also threaten the euro's status as a safe-haven currency,” she said. She said the alternative might be EU member states issuing joint bonds to fund aid to Ukraine, but some are concerned that this may also cause problems. These frozen Russian assets are stored in European settlement systems and private bank accounts across the EU. The euro recently rose 0.2% to $1.1656.

Commerzbank's Thu Lan Nguyen said in a report that if the EU uses frozen Russian sovereign assets to provide Ukraine with much-needed financial aid, the euro may be under pressure. The move could “damage the attractiveness of the Eurozone as an investment destination, and in turn cause long-term damage to the euro itself. “Some people are concerned that this move may also threaten the euro's status as a safe-haven currency,” she said. She said the alternative might be EU member states issuing joint bonds to fund aid to Ukraine, but some are concerned that this may also cause problems. These frozen Russian assets are stored in European settlement systems and private bank accounts across the EU. The euro recently rose 0.2% to $1.1656.