russian retaliation and destabilization of markets. Euroclear warns of consequences of confiscation of russian assets

“russia can always take retaliatory measures that could further destabilize financial markets,” said Urben.

Frozen russian assets could become an element of negotiations between Ukraine and russia, she said, adding that some officials are interested in pushing for confiscation.

Urbain emphasized that if EU members do confiscate russian assets, they should also take on the accompanying financial obligations to protect Euroclear from claims by russia.

“We saw the case of Iranian assets more than 20 years ago,” said Urben, ”so I think this is not something theoretical.

Source: Bloomberg