Payments to western investors will not affect more than 200 billion euros of Russian central bank reserves, which is frozen in the EU, says resources.
The Euroclear International Depository in Belgium plans to confiscate about 3 billion euros of Russia’s frozen funds and re -provide them between western investors who have lost money in Russia. Reuters reported this reference to their own resources on Friday, May 2.
“Money will be used to pay west investors after Moscow revoked cash stored in Russia in recent months, three people said, attempts at both parties to restore billions -billions of funds injured from the war in Ukraine,” the message said.
To pay western investors, the Euroclear will re -provide 3 billion euros from a pool of 10 billion euros between them. This money was among the legal entities of Russia and individuals who fell under the penalties of the European Union after the invasion of Moscow in Ukraine in 2022.
The agency noted that this step marks a new level of pressure from Europe. In the past, the West organized loans and payments to Ukraine with interest in frozen Russian possessions called by Russian leader Vladimir Putin “theft”.
Reuters failed to establish which of the western investors would benefit the payment. But according to the resources, in March, the Euroclear received permission from Belgium to make payments and that customers had noted about the upcoming payment of the April 1 information document.
“We receive permission from our competent authority to refrigerate the amount of compensation and give them our participants,” the document said.
At the same time, more than 200 billion euros of the Central Bank of Russia, which has frozen the EU, said two bills, said two sources.
“However, it will reduce the reserves of Russian ownership, including cash, shares and bonds that are almost fully stored in the euroclear and give bloc leverage in Moscow. Some hope that frozen Russian owners can be used to restore Ukraine,” the agency’s letter.
As you know, the European Union has frozen the road -billions of Russian property, including Central Bank reserves, after the entire Russian invasion of Ukraine on February 2022. The Euroclear owns a lion’s lion of the Leon of Authorized Russian ownership of Europe -more than 180 billion Euro.
Earlier it was reported that the Euroclear leadership hired guards, who were afraid of Kremlin agents. This decision was made after Rheinmetall’s head threats to Armin Papperger.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.