Euroclear CEO Warns on Russian Assets
Euroclear CEO Valerie Urbain stated that transferring frozen Russian assets without proper liabilities could bankrupt the clearing house. She emphasized the need for permanent EU guarantees until the conflict concludes.
Euroclear CEO Valerie Urbain stated that no viable solution exists yet for €185 billion in immobilized Russia assets held by the clearing house. The statement comes as European policymakers debate transferring the funds to support Ukraine. The dispute highlights the severe legal and financial risks of seizing sovereign wealth without permanent member-state guarantees.
