US EditionUkraine hits out at Europe's payout from frozen Russian cash
- Ukraine criticized Euroclear's decision to pay out €3 billion of frozen Russian assets to Western investors, warning it undermines Europe's stance against Moscow and sets a harmful precedent for future actions.
- Ukrainian officials, including Iryna Mudra, stated that the payout sends a wrong signal and emphasizes that international law requires aggression reparations to victims, not investors in risky jurisdictions.
- The payout was approved after the EU modified its sanctions regime in 2024, allowing Euroclear to make such payments despite Ukraine's warnings of adverse effects on their efforts.
- Jacob Kirkegaard expressed concern that prioritizing investor reimbursements over supporting Ukraine reflects a troubling inconsistency in Europe's commitment.
18 Articles
18 Articles
Eldiario.es
elDiarioARThe British Government is now threatening to denounce Roman Abramovich in a pact dispute so that the sanctioned Russian oligarch could sell the equipment in 2022 for almost €3 billion and donate the funds to the people affected by the Russian invasionRussia accelerates its advance on the battlefield in full negotiations for the end of the war An amount that exceeds £2.5 billion (almost €3 billion) of the sale of Chelsea, the football team, is de…
Ukraine is dissatisfied with the decision of the Belgian depositary Euroclear to pay EUR 3 billion of Russian funds frozen in Europe to Western investors who suffered as a result of the confiscation of their funds in the Russian Federation by the decision of the Russian authorities.
The Ukrainian government criticised the EU's decision to direct billions of euros of Russian assets frozen to the old continent to western investors, warning that this step weakens the European position towards Moscow. The warning comes in the context in which, last month, Euroclear, a financial market infrastructure group with its headquarters in Belgium, transferred EUR 3 billion (3.4 billion), out of the money held by Russian investors under …
Ukraine Criticizes Euroclear's Payout of Frozen Russian Assets
Ukraine's government has condemned a move by Belgium's Euroclear to distribute 3 billion euros of frozen Russian assets to Western investors. Officials warn this undermines Europe's stance against Russia and sets a dangerous precedent. They argue priority should be assisting victims of war, not compensating investors.
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