The confiscation of the frozen assets of Russia could undermine global financial stability and monetary policy, Kristalina Georgieva, Managing Director of the International Monetary Fund, said at the Qatar Economic Forum.

"We need to think very carefully about the risks to monetary policy and financial stability. What can be the risks, and how can we deal with them? Any use of frozen Russian assets must be based on international principles," she noted.

Earlier, the EU Commissioner for Justice, Didier Reynders, spoke about the possibility of confiscation of Russia's 28 billion euros of private assets frozen in EU countries.

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