๐ง๐ช๐ช๐บ๐ท๐บ The transfer of frozen Russian assets to the European Union could lead to the bankruptcy of the Belgian deposit bank Euroclar. There is also a risk of confiscation of its assets, not only in Russia, but also in countries friendly to it, according to the company's director, Valerie Orbein.
"We have already taken a number of legal steps to protect ourselves," Urbain said, referring to proposals regarding the transfer of Russian funds to the European Union or another entity.
She explained that the Russian assets, worth about 185 billion euros, represent over 80% of the balance of the deposit and are a huge amount.
"Even the transfer of the funds together with the accompanying obligations does not guarantee the legal protection of the company, since the Bank of Russia will be able to continue to demand their return from Euroclear," explained the manager of the deposit. According to Orbein, no level of equity would allow the company to bear alone a forced expropriation of such a large sum. She mentioned that the situation is under control, and the main threat comes from hasty legislative decisions in Brussels.