Euroclear CEO Valérie Urban warned that confiscating frozen Russian assets could trigger follow-on issues and that the financial burden could ultimately fall on Belgian taxpayers. Euroclear currently holds about €200bn of frozen Russian assets. Belgi

2026-11-13

Euroclear CEO Valérie Urban warned that confiscating frozen Russian assets could trigger follow-on issues and that the financial burden could ultimately fall on Belgian taxpayers. Euroclear currently holds about €200bn of frozen Russian assets. Belgium has opposed such measures, but the EU is still considering options to use the assets to fund Ukraine.