Euroclear Warns of Liability Risk in Confiscating Russian Assets
- Move may spur new clearing rivals, CEO Urbain tells Bloomberg
- Bloc discussing funding for Ukraine after Trump’s victory
The Belgium-based clearinghouse that’s holding the bulk of frozen assets from Russia’s central bank said that it shouldn’t be held liable if the European Union decides to confiscate the assets to help Ukraine.
Valerie Urbain, the chief executive officer of Euroclear Ltd., told Bloomberg in an interview that any plan to seize the underlying assets should also transfer all the liabilities.