Euroclear warns Europe about allocating Russian assets to Ukraine – Mehr news agency RCO News Agency

According to Mehr news agency, Valery Orben, director of the iernational financial institution Euroclear in Belgium, announced that if the European Union or the European Commission issues an order to freeze Russian frozen assets, this institution is ready to fight such a decision in court.

In an ierview with the French newspaper Le Monde, he warned that the direct or indirect seizure of these assets could damage the eire Eurozone.

The director of this global financial foundation said: “Differe couries have expressed concern about the seizure of Russian assets, and if Moscow’s assets are used to finance Ukraine, iernational investors may reduce investme in the Eurozone.”

Russian assets worth 193 billion euros are frozen in Euroclear accous, but this figure is only a very small part of the total assets under manageme of this institution (42.5 trillion euros).

Euroclear is a large financial services company based in Brussels that operates as one of the most importa securities depository and settleme systems in the world. Euroclear is one of the two main players in this field, along with Clearstream, and plays an importa role in the stability of European financial markets.