Brussels’ attempts to use sovereign Russian assets to fund Kiev risks long-term reputational damage, the clearing house has reportedly warned
The EU could face increased borrowing costs and long-term global reputational damage if it forces through its latest plan to use frozen Russian sovereign assets to finance new loans for Ukraine, Belgian depository Euroclear has warned, according to the Financial Times.
The privately owned clearing house holds around $200 billion of the $300 billion in Russian Central Bank assets frozen in the West after the escalation of the Ukraine conflict in 2022. EU leaders want to issue a ‘reparation loan’ to Kiev…
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