business
Europe must liberate Belgium from its huge Russian assets risk: What happens if the US tries to take control of the hundreds of billions blocked in Euroclear?
ft.com/content/c3d73770-4d91-4bd0-bf6d-7f9375e2b938
Paid articlePaywall
Unfreezing Europe's Russian assets debate: There has been little movement in EU circles on the question of using over 200 billion euros ($227 billion) of ...
kyivindependent.com/unfreezing-europes-russian-assets-debate/
LATEST: 🏦 South Korea's Hana Bank issued a $100M digital bond on Euroclear's blockchain platform, cutting settlement to same-day from up to 5 ... Show more
EU Revives Push to Unlock Frozen Russian Assets for Ukraine: One proposal would move Russian assets held by Belgium’s Euroclear depository ...
kyivpost.com/post/84296
EU Custodian for Russian Assets: Chance to End the Blockade: Dispute over Russian assets frozen in Belgium flares up again: Can an EU trustee convince Brussels ...
de.euronews.com/my-europe/2026/09/05/eu-verwahrstelle-fur-russische-vermogen-chance-auf-ende-der-blockade
LATEST: 🏦 Banco do Brasil says it made Latin America's first digitally native structured note trade, investing $5M in a Citigroup-issued note on ... Show more
Russian court rejects Euroclear appeal over frozen assets: The Brussels-based institution also reported that interest income generated from frozen Russian assets ...
brusselstimes.com/brussels-2/2234732/russian-court-rejects-euroclear-appeal-over-frozen-assets
Moscow appeals court upholds 18.17-trillion-ruble order against Euroclear, the Belgian depository holding €190 billion of Russia’s frozen funds
meduza.io/en/news/2026/07/16/moscow-appeals-court-upholds-18-17-trillion-ruble-order-against-euroclear-the-belgian-depository-holding-190-billion-of-russia-s-frozen-funds
Euroclear holds around €200 billion of Russian funds, which have been blocked due to sanctions imposed by the EU following the invasion of Ukraine ... Show more
Euroclear sues Russian Central Bank in Brussels court
Euroclear sues Russian Central Bank in Brussels court
Euroclear in negotiations to acquire French company Uptevia: Euroclear enters exclusive talks to acquire French company Uptevia, a move which, it says ...
brusselstimes.com/business/2221627/euroclear-in-negotiations-to-acquire-french-company-uptevia/
Moscow court moves to recover €217 billion from Euroclear: A Russian court has cleared the way for Moscow to demand the immediate payment of billions of euros ...
brusselstimes.com/belgium/2155537/moscow-court-moves-to-recover-e217-billion-from-euroclear
Euroclear to appeal against court ruling on seized Russian assets: Euroclear vows to appeal against a Russian court ruling ordering it to pay over €200 billion ...
brusselstimes.com/justice-world/2134911/euroclear-to-appeal-against-court-ruling-on-seized-russian-assets
Euroclear rejects Moscow ruling seeking massive damages, keeps Russian assets frozen
meduza.io/en/news/2026/05/19/euroclear-rejects-moscow-ruling-seeking-massive-damages-keeps-russian-assets-frozen
War against Ukraine: Russia wins court victory over frozen assets in the EU: The Belgian company Euroclear is holding billions in Russian central bank funds on ...
zeit.de/politik/ausland/2026-05/russland-zentralbank-euroclear-urteil-gericht-eingefrorenes-vermoegen
Des oligarques russes veulent contourner la justice pour récupérer des fonds bloqués à Bruxelles
lemonde.fr/economie/article/2026/05/09/des-oligarques-russes-veulent-contourner-la-justice-pour-recuperer-des-fonds-bloques-a-bruxelles_6687415_3234.html
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Russian oligarchs launch legal attack on Belgium in bid to reclaim frozen assets: Russian oligarchs and investors have initiated legal proceedings against ...
thebulletin.be/russian-oligarchs-launch-legal-attack-belgium-bid-reclaim-frozen-assets
Belgium changes security around Russia’s frozen EU assets: Top executives at strategic Belgian financial services firm Euroclear, which holds €193bn in Russian ...
euobserver.com/211289/belgium-changes-security-around-russias-frozen-eu-assets/
Belgium in Brief: Making eyes at Euroclear: It may be unseasonably warm, but the news has a distinctly chilly air today: the debate on unlocking Russia’s frozen ...
brusselstimes.com/belgium/1990875/belgium-in-brief-making-eyes-at-euroclear-tbtb
Russia seeks damages over assets seized by EU: A court in Moscow has started considering a lawsuit filed by Russia’s Central Bank against Euroclear ...
apnews.com/article/russia-frozen-assets-sanctions-euroclear-belgium-eu-d1e86f0b24f8ec3c759c8950d372a2a0
Russia holds hearing in €200bn case over frozen assets in EU: Filing the case, the Russian central bank said Euroclear had acted illegally in freezing the assets
euractiv.com/news/russia-holds-hearing-in-e200bn-case-over-frozen-assets-in-eu/
Moscow Court Holds Preliminary Hearing in Central Bank Lawsuit Against Euroclear: A Moscow court on Friday held a preliminary hearing in a lawsuit brought by ...
themoscowtimes.com/2026/01/16/moscow-court-holds-preliminary-hearing-in-central-bank-lawsuit-against-euroclear-a91698
EU country apparently protecting Russian assets - | threatens blockage of EU plan?
fr.de/wirtschaft/eu-land-schuetzt-russische-vermoegenswerte-ukraine-assets-euroclear-frankreich-belgien-zr-94081946.html
EU wants to freeze Russian assets permanently: The members of the EU have apparently agreed to permanently fix the frozen Russian assets ...
zdfheute.de/politik/ausland/eu-einigung-russland-vermoegen-ukraine-100.html
'I'm not giving up': Belgian PM sticks to conditions on Russian assets ahead of EU summit
euobserver.com/eu-and-the-world/ar5dbad3b4
Russia's billions: Is the EU allowed to confiscate frozen state assets?: The EU is hesitant to expropriate Russian central bank funds. Legally ...
berliner-zeitung.de/politik-gesellschaft/geopolitik/eu-russland-nationalbankvermoegen-konfiszierung-voelkerrecht-ukraine-li.10011095
Euroclear: This Brussels-based company holds Putin's billions: The EU wants to tap into all of Russia's frozen state reserves for the reconstruction of ...
capital.de/geld-versicherungen/euroclear--diese-firma-in-bruessel-verwahrt-putins-milliarden-36931248.html
Russia files lawsuit against Euroclear as Europe bickers over frozen assets: Court filing in Moscow comes days ahead of next week’s EU summit to discuss using ...
politico.eu/article/russia-files-against-euroclear-europe-bickers-frozen-assets/
War in Ukraine: Use of Russian money: Belgium ready to negotiate: For weeks, Belgium has been blocking EU plans to use frozen funds from the Russian central bank ...
handelsblatt.com/dpa/krieg-in-der-ukraine-nutzung-von-russischem-geld-belgien-verhandlungsbereit/100184981.html
Opinion€90 billion for Ukraine with the help of Euroclear and Russian funds: The EU and Switzerland must and can help Ukraine. But not with arbitrarily confiscated ...
nzz.ch/meinung/russische-gelder-fuer-die-ukraine-europa-steh-zu-deinen-werten-ld.1916794
Expropriation: Euroclear demands guarantees from the EU also for Russian retaliation
berliner-zeitung.de/wirtschaft-verantwortung/russen-geld-euroclear-verlangt-umfassende-garantien-von-eu-li.10009660
Paris blocks billions for Ukrainian reparations loan: Dispute over Russian funds escalates
fr.de/wirtschaft/frankreich-blockiert-milliarden-ukraine-russland-krieg-leyen-macron-reparation-kredit-eu-euroclear-94082075.html
Russia seeks $230 billion in damages from Euroclear over seized assets: Russia's central bank has filed a lawsuit in Moscow seeking $230 billion in damages from ...
reuters.com/business/russias-central-bank-seeks-230-billion-damages-belgiums-euroclear-moscow-court-2025-12-15/
Russia Seeks $229 Billion From Euroclear in Moscow, Tass Reports: The Bank of Russia filed a lawsuit in Moscow seeking 18.2 trillion rubles ($229 billion) from ...
bloomberg.com/news/articles/2025-12-15/russia-seeks-229-billion-from-euroclear-in-moscow-tass-reports
Paid articlePaywall Russian intelligence services put pressure on Belgium over frozen assets - | Report
berliner-zeitung.de/news/russlands-geheimdienste-setzen-belgien-wegen-eingefrorener-vermoegen-unter-druck-li.10010732
Euroclear at risk of Fitch ratings cut over Russian frozen assets: Ratings agency Fitch placed Euroclear Bank on "rating watch negative" on Tuesday ...
reuters.com/business/finance/fitch-places-euroclear-bank-rating-watch-negative-over-eus-russian-asset-plans-2025-12-16/
Euroclear warns: Von der Leyen's Ukraine plan is legally "very fragile" and risky for the Eurozone
weltwoche.de/daily/euroclear-warnt-von-der-leyens-ukraine-plan-rechtlich-sehr-fragil-und-riskant-fuer-eurozone/
Russian central bank files lawsuit seeking €200 billion from Euroclear: The information, reported by the Russian news agency Tass, was announced just days before ...
brusselstimes.com/eu-affairs/1882016/russian-central-bank-files-lawsuit-seeking-e200-billion-from-euroclear
De Wever has called the EU's plans to confiscate assets from Euroclear, against the will of a member state, as unprecedented ... Show more
Belgian PM stands firm against EU plans to use frozen Russian assets
Belgian PM stands firm against EU plans to use frozen Russian assets
Russian billions for Ukraine: Why is Belgium resisting?: The EU wants to use frozen Russian assets to lend billions to Ukraine. The Belgian Prime Minister wants ...
n-tv.de/wirtschaft/Wieso-leistet-ausgerechnet-Belgien-Widerstand-id30106639.html
Jeffrey Sachs warns: Will Merz trigger a financial crash tonight?: Economists say the EU's planned access to Russian assets will trigger severe disruptions ...
berliner-zeitung.de/wirtschaft-verantwortung/jeffery-sachs-warnt-loest-merz-heute-abend-einen-finanz-crash-aus-li.10008886
Key FactsEU’s Russian Asset Plan Risks Financial Collapse
Dec 5, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: berliner-zeitung.de
Summary created with AI assistance · Source: berliner-zeitung.de
- The EU’s proposal to use Russian central bank assets for Ukraine’s funding may cause severe financial disruptions and legal challenges.
- Euroclear’s CEO Valérie Urbain cautions that this could destabilize the global financial system and trigger the broker’s bankruptcy.
- Several EU countries, including Belgium, Italy, and France, oppose the plan and demand liability guarantees for potential fallout.
- Economist Jeffrey Sachs predicts a profound European crisis, increasing political tensions and worsening relations with Russia.
Europe shows a general failure in politics, diplomacy, and leadership. Instead of absurdly appropriating Russian assets, Europe should negotiate with Russia to end the war and restore collective security in Europe.— Jeffrey Sachs on the current political situation in Europe and the handling of Russian assets.
Russia’s Central Bank sues Belgian clearinghouse Euroclear over frozen assets as E.U. weighs ‘reparations loan’ to Ukraine
meduza.io/en/news/2025/12/12/russia-s-central-bank-sues-belgian-clearinghouse-euroclear-over-frozen-assets-as-e-u-weighs-reparations-loan-to-ukraine
Euroclear boss: Use frozen Russian assets for Ukrainian peace deal: CEO Valérie Urbain weighs in on tortured loan saga.
politico.eu/article/euroclear-ceo-better-to-use-russian-frozen-assets-in-peace-talks-than-for-ukraine-reparation-loan/
Belgian PM says using frozen Russian assets could block Ukraine peace deal: Belgian Prime Minister Bart De Wever said the European Union's plan to use frozen ...
reuters.com/business/finance/belgium-pm-says-using-frozen-russian-assets-could-derail-ukraine-peace-deal-2025-11-28/
The European Commission has proposed allocating €165 billion to Ukraine for 2026–2027 using expropriated Russian assets, Politico reports ... Show more
ECB will not back EU loan to Ukraine funded by frozen Russian assets in Belgium: The EU wants to use €140 billion of Russian assets currently held at Euroclear ...
brusselstimes.com/belgium/1863449/ecb-will-not-back-eu-loan-to-ukraine-funded-by-frozen-russian-assets-in-belgium
Ukraine War: EU Accelerates Access to Russian Assets: The Commission wants to quickly present draft legislation for a reparations loan to Kyiv ...
handelsblatt.com/politik/deutschland/ukraine-krieg-eu-macht-tempo-bei-zugriff-auf-russisches-vermoegen/100178503.html
Europe debates the future of Russia’s frozen assets: With Ukraine facing a yawning budget shortfall over the next two years, the European Commission has proposed ...
france24.com/en/europe/20251128-the-fight-over-the-future-of-russia-s-frozen-assets
The EU's plans to help Ukraine with frozen Russian assets are now also triggering warnings. Euronews Business asked experts: Could the regulation drive up ... Show more
How dangerous is the EU plan for Russia's frozen funds?
How dangerous is the EU plan for Russia's frozen funds?
Pourquoi Euroclear, l’institution qui gère les actifs russes gelés en Europe, « n’exclut pas » de poursuivre l’UE en cas de confiscation
lemonde.fr/economie/article/2025/11/15/en-cas-de-confiscation-des-avoirs-russes-euroclear-n-exclut-pas-de-poursuivre-l-ue-en-justice_6653499_3234.html
Russia threatens legal actions against Belgium and Euroclear if assets are used: The Russian Parliament speaks of "an illegal seizure of property" that ...
brusselstimes.com/belgium/1847010/russia-threatens-legal-actions-against-belgium-and-euroclear-if-assets-are-used
Russian expropriation too dangerous: Von der Leyen seeks new source of funding for Ukraine
berliner-zeitung.de/politik-gesellschaft/geopolitik/russen-enteignung-zu-gefaehrlich-von-der-leyen-sucht-neue-geldquelle-fuer-ukraine-li.10006183
Russian assets in Belgium: Euroclear boss says she won't rule out suing EU if funds are seized
brusselstimes.com/belgium/1845494/frozen-russian-assets-its-time-to-stop-targeting-euroclear-and-belgium-says-euroclear-boss
Euroclear, the Belgian institution managing frozen Russian assets that will 'not rule out' suing the EU
lemonde.fr/en/economy/article/2025/11/15/euroclear-the-belgian-institution-managing-frozen-russian-assets-that-will-not-rule-out-suing-the-eu_6747484_19.html
Dispute over Russian assets: Euroclear CEO threatens legal action if EU seizes frozen funds
weltwoche.de/daily/streit-um-russisches-vermoegen-euroclear-chefin-droht-mit-klage-falls-eu-eingefrorene-gelder-beschlagnahmt/
How Euroclear is driving global financial innovation in Hong Kong: A long-time collaborator with InvestHK, the financial market infrastructure provider is ...
scmp.com/native/business/topics/hong-kong-helps-businesses-grow/article/3332142/how-euroclear-driving-global-financial-innovation-hong-kong
Slovakia rejects proposal to use frozen Russian assets for a loan to Ukraine: The European Commission has proposed using frozen assets from the Russian Central ...
brusselstimes.com/belgium/1832999/slovakia-refuses-to-allow-frozen-russian-assets-to-be-used-for-a-loan-to-ukraine
Russian ambassador threatens Belgium with 'severe retaliatory measures' over frozen assets
brusselstimes.com/belgium/1839750/russian-ambassador-threatens-belgium-with-severe-retaliatory-measures-over-frozen-assets
Listen: Belgium, Slovakia and Norway will determine the EU’s reparations loan plan
euobserver.com/eu-and-the-world/ar8e056c7b
Russia charges woman who adopted Mariupol teenager with child trafficking. Yes, you read that right.
meduza.io/en/feature/2025/11/04/russia-charges-woman-who-adopted-mariupol-teenager-with-child-trafficking-yes-you-read-that-right
De Wever heads into tense EU talks over using frozen Russian assets: Today’s high-stakes meeting follows months of stalled negotiations.
brusselstimes.com/belgium/1828583/de-wever-heads-into-tense-eu-talks-over-using-frozen-russian-assets
Belgium considers shooting down drones: Experts believe the drones over Belgium could also be linked to Russia's assets held at Euroclear in Brussels ...
de.euronews.com/2025/11/06/nach-sichtungen-uber-flughafen-belgien-erwagt-drohnen-abzuschiessen
The debate over granting a reparations loan to Ukraine has raised a burning question: Where exactly are the frozen Russian assets? ➡️ Where is the frozen Russian assets? Nobody wants to say.
“Don't be afraid of the change, because the change is coming to you. Be brave, be bold, and welcome the change.” — Euroclear CEO Valerie Urbain from Semafor’s ... Show more
Brussels financial organisation Euroclear at centre of row over Russia-Ukraine conflict
thebulletin.be/brussels-financial-organisation-euroclear-centre-row-over-russia-ukraine-conflict
He also claimed Prime Minister Alexander De Croo opposed a recent EU proposal to use interest generated by frozen assets to fund reconstruction loans for ... Show more
Lawyer accuses Belgian state of conflict of interest over frozen Russian assets
Lawyer accuses Belgian state of conflict of interest over frozen Russian assets
The EU is rushing to find ways to prop up Ukraine's finances as the war shows no end in sight and the costs mount.
An audacious plan to use Russia's ... Show more
What is the reparations loan for Ukraine and why is the EU stuck?
What is the reparations loan for Ukraine and why is the EU stuck?
Ukraine's accessible Russian asset funds vanish while Belgium blocks €193B principal
euromaidanpress.com/2025/10/27/belgium-blocks-ukraine-frozen-assets/
EU vague on options to finance Ukraine after summit failure to secure loan: Possible options on financing Ukraine remain vague following last week's EU summit ...
euobserver.com/eu-political/ar05dde281
Paid articlePaywall
What is the reparations loan for Ukraine and why is the EU stuck?: An audacious plan to use Russia's immobilised assets to issue a €140-billion loan to ...
euronews.com/my-europe/2025/10/25/what-is-the-reparations-loan-for-ukraine-and-why-is-the-eu-stuck-with-the-plan
How Europe Is Trying to Turn Frozen Russian Assets Into Cash for Ukraine: European Union officials could reach a political agreement as soon as Thursday on a ...
nytimes.com/2025/10/23/world/europe/russia-frozen-assets-european-union.html
Euroclear CEO: Firm facing client ‘scrutiny’ over frozen Russia assets: The head of the Belgian securities depository said the ongoing discussion over Moscow’s ...
semafor.com/article/10/16/2025/euroclear-ceo-firm-facing-client-scrutiny-over-frozen-russia-assets
Pressure mounts on Belgium to crack open Russia’s frozen assets: Around €190 billion in Russian assets is currently being held at the Brussels-based financial ...
brusselstimes.com/belgium/1783209/pressure-mounts-on-belgium-to-crack-open-russias-frozen-assets
The EU's ambitious plan for frozen Russian assets, explained: Momentum is building to tap more of Russia’s central bank reserves — immobilized after its ...
kyivindependent.com/the-eus-ambitious-plan-for-frozen-russian-assets-explained/
Belgium lays out red lines on €140B Ukraine loan: Belgian PM Bart De Wever has suggested that the Commission’s scheme to leverage Russian frozen assets ...
politico.eu/article/belgium-ukraine-loan-russian-assets-bart-de-wever/
