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"Naive To Think We're Not At War": Latvia's Central Banker Warns Europe On Russia
Latvia's central bank governor, Martins Kazaks, has warned European leaders against downplaying the danger posed by Russia, describing in a fresh interview the European Union is already "at war" with Moscow and must be ready for further escalation, particularly in its financial systems.
This is raising eyebrows at the Kremlin, but many Russian officials might actually agree with this grim assessment: "It's naive to think that we are not at war" with Russia, Kazaks told the Financial Times.
Governor of the Bank of Latvia, Martins Kazaks
He cited as examples of an active war situation the ongoing cyberattacks on Europe, alleged acts of sabotage targeting infrastructure in the Baltic Sea, as well as drone violations of Danish and other EU airspace - the latter which has involved plenty of speculation and accusations leveled among EU officials, but no final or clear proof of links to...
Latvia will fight for a seat on the European Central Bank's Executive Board, bidding to become the first eastern European country to join the institution's top leadership....
Latvia approved the return of Martins Kazaks as central-bank governor for another five-year term, ending months of political infighting that saw him leave office without a successor at the end of 2024....