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 international 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 interview with the French newspaper Le Monde, he warned that the direct or indirect seizure of these assets could damage the entire Eurozone.

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

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

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