We plan to increase the return of Russian assets’, warn EUROCLEAR

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The EU plans to collect more money for Ukraine, and warned the organization that will be “exploited” in risky investments in Russian state funds and holding the assets.

EuroClear Executive Valérie Urbain said the financial periods that could discredit the cash rediscovering the cash to obtain the cash in the cash, which will be revealed to rediscover the cash.

“If you increase revenues, you increase the risks. And so who does the risk follow?” Urbain said in an interview.

European Commission Thinks how it is In the Central Bank of Russia, it was worth more than 191 billion euros and stuck in Euroclear for Western sanctions. EuroClear, the cash resulting from Russia’s growing assets – Coupon payments and cash – mainly through central banks. G7 comes to Kiev to return a loan of $ 50 billion.

Reduced from assets as a profit European Central Bank lowed the interest rate. Asked to offer the commission
Changing cash to risky active classes that can create a higher product also carries a risk of loss.

Urben warned that someone would have to cover such potential losses.
“If we go beyond our risk profile and the powers of our leaders, the system will surely increase,” he said.

Last year, the eurooclear paid 4 billion euros to Ukraine and paid 1.8 billion euros this year.

He added that the EU plans to increase these amounts, can create a “special purpose vehicle” to be transferred to the assets of the Central Bank. Sperv could call the cash out of assets to risky investments and “hopefully taking more income by taking risk.

However, Urbain also warned that such a scheme could create many risks for Euroclear and European markets.

“Legally speaking, creating a SPV, the use of cash from Euroclear” without releasing him without returning against the Central Bank of Russia, it will cause a position we could not bear.

Discussions around the seizure of the Russian Central Bank, in February 2022, after Moscow’s full-scale occupation of Ukraine have been frozen since 260 billion euros and the legal and financial risks of confiscation were always dominated.

EuroClear faces more than 100 lawsuits on immobilized Russian assets, including those related to oligarchs and other sanctioned organizations. According to the new sources of Euroclear, Russia confiscated EUROCLEAR in the Russian counterpart, Moscow, which belonged to the EUROCLEAR customers in the central securities depository.

Euroclear, which has more than 40 caves, Europe’s largest central securities are depository – the main node of the financial market engaged in the maintenance and transfer of assets.

“Of course, we must expect more Russian revenge in all forms,” Urbain said.

He warned that such a scheme could be useful, “When there is any call to return Russia’s central bank, someone covers the amount.”

In addition, Urboain, Euroclear’s EU’s EU’s initiatives have further increased the EU initiatives to connect the EU’s fragmented capital markets to unused deposits and improve financing for companies.

He said that Euroclear will offer “a single entry point” for retail and institutional investors within 27 member states.

Urben said that another main element of the EU’s capital markets will be in favor of further centralized control of the depositories of central securities.