Director of Euroclear warned of consequences in case of seizure of Russian assets

Urben suggested that returning to the post of President of the United States Donald trump may use the assets of the Russian Federation to pressure it. “It is important to monitor how the negotiations are going and to continue to inform decision-makers of the unintended consequences, as we understand that countermeasures can always be taken by Russia, which can further destabilize financial markets,” she said. Such consequences she called, for example, the potential demand of the Central Bank of Russia return of assets. Urbane noted that taking control of assets would require doing so with respect to debt. Because Euroclear may at some point face the fact that the assets are no longer there, but the Central Bank of the Russian Federation will ask for the return of securities or foreign currency assets. This is a difficult issue, you need to look at different aspects of the situation, she added. Since the beginning of hostilities in the spring of 2022, foreign Russian assets worth about $ 300 billion have been frozen. More than two-thirds of this amount is in Europe, including Belgium’s Euroclear.

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