Russia's response to the EU seizing frozen assets may lead to bankruptcy of the European securities depository, risking EU's financial stability. Central Bank of Russia might sue to confiscate Euroclear's assets. EU considers using frozen Russian funds for defense amid growing threats.
⚡️ The Guardian: EU to propose funneling billions in profits generated by Russian assets to Ukraine. https://t.co/uv9fmJHwQ0
The European Commission is preparing to put forward a proposal to confiscate 15 to 20 billion euros of profits from Russia's sovereign assets frozen in Europe for Ukraine.
EU is in talks to ensure defense sector gets critical materials https://t.co/4Gy1RXKeR0 via @europressos https://t.co/LGPUCJP8bF
EU discusses prioritizing defense sector access to critical materials https://t.co/pIOvlOSlsF https://t.co/rk5xW3FOwO
The EU is discussing ways to prioritize access to critical materials for the defense industry during times of crisis https://t.co/xbCFLGTRQp
⚡️ Bloomberg: European Investment Bank in talks on investing in EU defense sector. https://t.co/fPRKgzQnay
Russian threat spurs the EU’s lending arm to look at funding defense https://t.co/tejOE1jf2e via @europressos https://t.co/O2Md79AMjt
Russian assets frozen in the EU are likely to generate 15 to 20 billion euros in profits by 2027, Reuters quoted a senior EU official as saying. https://t.co/jzWAZe2Jhd
⚡️The European Union is unlikely to transfer to #Ukraine the revenues from Russian assets amounting to €5.2 billion until the end of the war, Reuters reports. 📷: AFP https://t.co/yjqDqxZ5jA
The European Investment Bank is considering ways to expand its support for the defense industry, in a move that would help the EU bolster its security in response to the growing threat from Russia https://t.co/lvHHNYGOTk
EU'S LENDER LOOKS TO FUND DEFENSE IN RESPONSE TO RUSSIA THREAT
EU faces resistance over plan to utilize €3 billion of frozen Russian funds https://t.co/IyUXAYg66D https://t.co/jqapkzc8ZO
Russia's actions in response to the EU's seizure of frozen Central Bank assets could lead to a global financial crisis, Reuters citing a European official. According to him, the Central Bank of Russia may file lawsuits to confiscate assets of the Belgian Euroclear Thread
Russia’s response to the EU appropriating frozen assets could bankrupt the key European securities depository holding them, undermine the financial stability of the entire EU and cause a global financial crisis - Reuters https://t.co/WXqhllEiCM