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The Latest Breaking News from Euroclear

What is the reparations loan for Ukraine and why is the EU stuck with the plan?

An audacious plan to use Russia's immobilised assets to issue a €140-billion loan to Ukraine is held up by EU leaders. Here's why.

Euronews

Belgian resistance holds up €140 billion loan for Ukraine at EU summit

After a summit of EU leaders, Belgian Prime Minister Bart De Wever complained he had not received answers to all his concerns about a groundbreaking plan to issue a €140 billion loan to Ukraine.

Euronews

EU has a plan to use frozen Russian assets to fund Ukraine – how will it work?

What are the legal implications, and why does Belgium fear being left alone with the bill?

The Guardian - UK

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Putin calls new US sanctions an ‘unfriendly act’ but claims they won’t affect Russian economy – as it happened

Russian president says Moscow will deliver ‘overwhelming’ response to strikes inside Russia

The Guardian - UK

European leaders near deal to use frozen Russian assets for Ukraine

Plans to secure loan with Russian funds ‘moving to happy resolution’, says Polish foreign minister

The Guardian - UK

'Can we eat the chicken?' Belgian PM demands answers on Russian frozen assets

"I want the maximum of legal certainty. I want solidarity," Belgium Prime Minister Bart De Wever said about the proposal to use Russian frozen assets.

Euronews

EU leaders give 'broad support' for drone wall and using frozen Russian assets to aid Ukraine

The European Commission will now fine tune a Roadmap for defence set to be released in two weeks, before leaders convene for another summit to make decisions.

Euronews

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Support grows for using Russian assets in €140 billion loan to Ukraine, but key questions remain

The EU is working on a new plan to provide a "Reparations Loan" to Ukraine based on Russia's frozen assets. But key questions remain unanswered.

Euronews

Brussels pitches €140 billion loan for Ukraine using Russia's frozen assets

Brussels believes it can issue a €140 billion loan to Ukraine using Russia's frozen assets without engaging in outright confiscation.

Euronews

EU squeezes Russia financially to reach ‘peace through strength’ in Ukraine

After banning Russian oil in 2022, the EU proposes phasing out Russian gas and maximising profits from Russian assets.

Al Jazeera

Ukraine must urgently be given the €300bn of frozen Russian assets

Confiscating the funds would shock Putin, help Ukraine, and take advantage of disillusionment in the US economy

The Guardian - UK

Calls for Russia’s frozen assets held in Belgium to be used in rebuilding Ukraine

Brussels-based Euroclear holds most of Russia’s frozen assets but confiscation could be ‘act of war’

The Guardian - UK

EU mulls 81-year-old decree signed by king of Belgium to block veto on Russia sanctions

The EU is reportedly considering using a wartime, signed by the king, to block the potential transfer of €190 billion worth of Russian assets.

Fortune

EU reaches deal on using profits from Russia’s frozen assets for Ukraine

10% of the windfall profits will fund non-lethal aid to assuage EU member states that do not wish to fund arms

The Guardian - UK

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The Guardian - UK

EU moves towards using €27bn in profit from frozen Russian assets for Ukraine

Officials could put forward proposal before meeting of prime ministers in Brussels next week

International Business Times

EU Moves To Tap Profits From Russian Assets For Ukraine

The EU has reached an agreement on a first step towards tapping profits from frozen Russian assets to help pay for rebuilding war-ravaged Ukraine, officials said.

The Times of India

India unwilling to bend for index inclusion to bring in billions

NEW DELHI: India has ruled out any changes to tax policies that will make it easier for the nation’s bonds to be included in global indexes, according to people familiar with the matter.

Benzinga

Nomura Joins Other Big-Name Financial Players To Back Blockchain Startup Fnality

Tokyo-based bank Nomura Holdings Inc. (NYSE: NMR) has invested in Fnality, a blockchain-based interbank payment and settlement network that is now sponsored by 17 major financial institutions.

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