Money for Ukraine: Frozen Assets of the Russian Federation May Be Transferred From Euroclear and Other Depositaries to EU Administration

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The EU wants to take over the risks associated with the Russian Federation ' s frozen assets for use in Ukraine ' s interests

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The European Union can use a regulation to withdraw Russia's assets from Euroclear in Brussels and manage them itself. For Belgium, this would eliminate any risk of billion-dollar claims from Moscow. This is stated in 'The Russian Transfer', a proposal to move the thorny issue forward. Not everyone sees merit in the idea.

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Frozen sovereign assets of the Central Bank of the Russian Federation are proposed to be withdrawn from the jurisdictions of individual states and accumulated in a special instrument of Europe

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It is proposed to transfer frozen Russian assets from the jurisdiction of certain countries (in particular Belgium) to a special instrument of the European Union, which will eliminate the risks of potential lawsuits from the Russian Federation for the Euroclear depository.