Euroclear could sue EU to oppose seizure of Russian assets – CEO

Federaţia Rusă

The bloc is scrambling to find finance for Ukraine, which faces a $50 billion budget deficit next year Belgian clearinghouse Euroclear could sue the EU if the bloc tries to confiscate the Russian sovereign funds held there, CEO Valerie Urbain told Le Monde in an interview published on Saturday. The depository, which carries roughly $46 trillion in securities for global financial institutions in any given year, currently holds around $200 billion of the $300 billion in Russian Central Bank

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