Plans to tap Moscow’s frozen funds for Ukraine could drive capital out of Europe, Valerie Urbain has warned
The EU risks driving investors and their money out of Europe over plans to use frozen Russian assets to fund Ukraine, Euroclear CEO Valerie Urbain has warned.
The bloc has frozen around €210 billion ($232 billion) in Russian central bank assets since 2022, most of it held at Belgian-based Euroclear. While the EU has already diverted profits from the funds to Ukraine, it has stopped short of seizing the assets outright over legal concerns. Moscow has condemned both measures as theft.
In an interview with Belgian newspaper Le Soir published…
Read the full article at RT-ENGLISH.COM
