Rodmac41
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
The Russian Central Bank has been at the forefront of geopolitical finance news lately, and its current stance on Euroclear has raised significant concerns regarding financial stability and economic stability in Europe.
The Russian Central Bank has decided to sue the Belgium based depository Euroclear in the Moscow Arbitration Court seeking compensation for damages and the return of its frozen funds. As the European Union’s leading financial institution for settlement and custody of securities, Euroclear’s potential trouble with the Russian Central Bank could have far-reaching implications for the European economy and European investments.
The situation is particularly sensitive given the context of frozen Russian assets and the ongoing efforts towards asset recovery. Valerie Urbain notes that the situation is complex and involves significant geopolitical risks. The European Union is walking a fine line to maintain economic stability while also addressing the issue of frozen Russian assets. Investing in Europe has become increasingly challenging due to these geopolitical risks, and the latest developments with Euroclear are likely to exacerbate the situation.
As the Russian economy update continues to unfold, it is essential to stay informed about the potential impact on European investments and the overall economy. The banking sector, particularly in Belgium where Euroclear is based, is closely watching the situation, hoping to maintain financial stability and avoid any significant disruptions to the European financial system.
The Russian Central Bank’s actions could have a ripple effect on the global economy, making it essential to monitor the situation closely and consider the potential consequences for economic stability and financial recovery. Join in to learn more as Rhod Mackenzie looks at why the Central Bank is suing Euroclear and not the EU for the return of their assets
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
Re: “Is Euroclear in BIG TROUBLE with the Russian Central Bank?”
No, as Euroclear SA/NV is incorporated in Belgium and its headquartered is based in Brussels, so it is subject to Belgian law and Belgian courts, and the Regulatory oversight over Euroclear SA/NV is from the National Bank of Belgium, Belgian Financial Services and Markets Authority and the European Central Bank.
While Belgian law governs Euroclear, it operates internationally, so its transactions could only be affected by EU law and certain activities can also be subject to foreign laws, such as U.S. sanctions.
Ursula is a bank robber. A warrant should be issued for her arrest. Russia should snatch her the minute she steps foot outside the EU