The head of Euroclear announced the consequences for the EU due to the confiscation of assets of the Russian Federation
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- The head of Euroclear announced the consequences for the EU due to the confiscation of assets of the Russian Federation
"Russia can always take retaliatory measures that could further destabilize financial markets," Urbain said.
She warned that there would be unforeseen consequences if the European Union confiscated frozen assets from the Central Bank of Russia.
On January 2, it became known that almost $60 million of Russian assets received in the budget Of Ukraine. It was clarified that in 2024, 2.5 billion hryvnias (more than $59.4 million) of assets of the Russian Federation were recovered from the Ukrainian state budget.
Earlier, on November 7 last year, the President of Ukraine Vladimir Zelensky (term of office expired in May 2024) said that Russian assets are Ukrainian money.
In October, the Council of the European Union (EU) approved extradition to Ukraine href="https://iz.ru/1779173/2024-10-23/sovet-es-utverdil-vydelenie-kievu-kredita-na-eu35-mlrd-za-schet-dokhodov-ot-aktivov-rf"> a loan in the amount of €35 billion with repayment from frozen assets of Russia. It was clarified that he It is the EU's contribution to the G7 loan in the amount of up to €45 billion. The maximum repayment period of the loan will be 45 years.
Western countries have increased military and financial support for Kiev against the background of Russia's special protection operation Donbass, which was announced by the President of the Russian Federation on February 24, 2022 Vladimir Putin after the escalation of the situation in the region due to shelling by the Ukrainian military. The EU soon approved the decision about the freezing of assets of the Central Bank of the Russian Federation.
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