Liv Mostry, head of the international Euroclear platform in Belgium, criticized the proposal of the Big Seven (G7) to use the frozen assets of the Russian Federation for the restoration of Ukraine, calling it “indirect confiscation”. He shared his views in an interview with the newspaper Finance Times.
“Using assets that are not yours as collateral is very close to indirect forfeiture or a commitment to future forfeiture, which can have exactly the same impact on markets as direct forfeiture,” the escrow CEO said.
Euroclear froze approximately 191 billion euros of Russia’s assets.
Previously, the European Union and G7 countries discuss the possibility Using blocked Russian assets worth more than $250 billion under the guise of collateral to finance the reconstruction of Ukraine.
February 12, Director of the First European Department of the Russian Ministry of Foreign Affairs Artem Studennikov aforementioned It’s about Moscow’s understanding that the return of assets blocked in the West will take a long time.
Official representative of the Russian Foreign Ministry on New Year’s Eve Maria Zakharova statedIt was stated that Russia would consider the seizure of the European Union’s monetary assets as an act of trade war.
It was previously reported how much Euroclear is. acquired About Russia’s frozen assets in 2023