According to the head of the depository, Valerie Urbain, the use of Moscow’s assets will create risks for the euro as a reserve currency:

“We cannot find ourselves in a situation where assets have been seized, but after a while Russia comes and says: “I want my securities back,” and the assets are gone.”

In her opinion, if the EU decides to withdraw Russian assets, then there should be a “transfer of obligations,” Bloomberg reports.

Recall that after the start of the SVO, the West froze Russia’s assets in the amount of about 260 billion euros. The Russian Ministry of Finance estimated the amount of assets at $ 300 billion. Of these, more than 2/3 are in Euroclear.

At the same time, earlier the G7 countries decided to provide Ukraine with a loan of $ 50 billion, which should be repaid at the expense of income from Russian assets. The United States, by the way, has already issued such a loan in the amount of $ 20 billion and is now waiting for similar actions from the EU.

@vzglyad_ru