JRL NEWSWATCH: “Don’t seize: capitalise; How to put Russia’s frozen assets to work for Ukraine; Exploit them to the full, but legally” – The Economist
“… About €190bn of [Russian] assets are controlled in Belgium by Euroclear, a custodian. … [I]nvestment returns and principal repayments it would pass on to Russia are instead piling up as a cash balance … currently … around €132bn … which Euroclear’s bank can profitably invest. The argument that Russia has no right to these returns is relatively uncontroversial, not […]
» Read more