Tag

Euroclear

All articles tagged with #euroclear

politics-europe29 days ago•2 min saved

EU Keeps Ukraine Aid Front and Center as Russian Asset Debate Drifts

The European Commission says immobilised Russian Central Bank assets are not the immediate focus, with priority on disbursing €90 billion in Ukraine aid and assessing Kyiv’s budget shortfall with the IMF. While some member states and lawmakers push to tap the €210 billion via a custodian at Euroclear, Belgium remains opposed and Euroclear faces a legal challenge, and no new legal text is on the table yet as officials signal possible re-engagement on the assets.

via Euronews.com|

#belgium-objections #euroclear #european-union

finance29 days ago•9 min saved

Europe’s Golden Goose Fuels Ukraine Funding Amid Sanctions

The piece argues that sanctions-created cash in European banks—centered on Euroclear in Belgium—are not Russia’s money but bank liabilities that would need to be paid back if sanctions end. The interest earned on these balances has funded Ukraine through EU steps like the ERA loan, with Belgium taxing the earnings and shaping policy to keep the funds flowing. A proposed “reparations loan” to borrow these bank balances to Ireland to support Ukraine was shelved after Belgium demanded guarantees, leaving the EU to rely on market borrowing (about €90B for 2026–27) while reserving the right to use frozen assets for repayment if reparations ever arrive. Lifting sanctions could deprive the EU of billions in potential repayments, and Russia would likely challenge the moves, but for now Belgium’s share — dubbed the “goose that lays the golden eggs” — underpins much of Europe’s Ukraine support as the bloc decides how best to finance it going forward.

via themoscowtimes.com|

#belgium #era #euroclear

world9 months ago•5 min saved

EU's Frozen Russian Assets: Potential Funding for Ukraine and the Risks Involved

EU leaders are debating whether to use frozen Russian assets, totaling €210bn, to fund Ukraine's needs, with plans to borrow €90bn through Euroclear, a move that faces legal, political, and diplomatic challenges, including opposition from Belgium and Russia, and concerns over global investor confidence and EU credibility.

via The Guardian|

#conflict #eu #euroclear

world9 months ago•2 min saved

EU Moves to Freeze Russian Assets Amidst Ukraine Support Challenges

Russia is seeking $230 billion in damages from Euroclear over frozen assets, as the EU considers using €210 billion of Russian assets to fund Ukraine's defense, prompting legal and political tensions between Russia, the EU, and the US.

via The Guardian|

#eu-funding #euroclear #frozen-assets

world11 months ago•8 min saved

EU's Controversial Ukraine Reparation Loan and Frozen Russian Assets

The EU is considering a €140 billion reparations loan to Ukraine using Russia's immobilized assets held at Euroclear, but faces obstacles mainly from Belgium over legal and risk concerns. The plan aims to support Ukraine's financial and military needs amid ongoing conflict, with the loan to be repaid only after Russia compensates for damages. The proposal is still in development, with key technical and political issues to resolve before a potential decision in December.

via Euronews.com|

#belgium #eu #euroclear