Euroclear
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Kaja Kallas Revisits Russia’s Frozen Fortune
The EU’s Chief Diplomat Resurrects a Perilous Seizure Plan, Laying Bare the Legal Absurdities and Strategic Contradictions at the Heart of Europe’s Ukraine Policy The European Union’s High Representative for Foreign Affairs, the smartest woman in Europe, Kaja Kallas, has revived the contentious proposal to appropriate frozen Russian sovereign assets for the benefit of Ukraine,… Continue reading
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The Bank of Russia filed a claim against Euroclear in the Moscow Arbitration Court, alleging unlawful deprivation of access to central bank funds and securities held in custody within European financial infrastructure. The filing marked a transition from diplomatic protest to formal legal contest, placing a private Belgian clearing institution and, by extension, European states… Continue reading
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The Consequences of Stealing Russia’s Money
Broke Europe turns to Russian central bank reserves as political commitments exceed financial capacity Western governments froze Russian central bank reserves held abroad in early 2022, amounting to roughly two hundred and forty billion euros, with the bulk immobilised inside European financial infrastructure. The action followed the outbreak of open war in Ukraine and relied… Continue reading
