SCO & BRICS latest news and insights
By Rhod Mackenzie
Belgium has stood out and make public that they are firmly opposed Germany's proposal to issue a loan to Ukraine secured by Russia's frozen reserves. They have made it clear that they will ensure that this move will never happen. Now it is important to consider why Blegium which...
By Rhod Mackenzie
The International Securities Depository Europclear based in Brussels has exhorted the European Commision not to steal and use Russia's assets frozen in the depository as they would be legally held responsible as the custodian for the return of the assets once the conflict is over...
By Rhod Mackenzie
The supranational financial institutions have issued a cautionary note to Western governments regarding the effects of the confiscation of Russian assets. In April, the President of the European Central Bank, Christine Lagarde, made a similar statement. Lagarde advised that the c...
The confiscation of Russian assets frozen in the European Union would have a profoundly negative impact on the European financial system and would prompt the departure of a significant number of international investors, according to Valerie Urbain, the newly appointed head of Euroclear, one of the w...
By Rhod Mackenzie
Confiscating the frozen assets of the Russian Central Bank by the European Union could have dire consequences for the eurozone and the global financial system. The EU has been attempting to seize our state's assets for some time, but has been hesitant due to potential repercussio...
By Rhod Mackenzie
According to a European official cited by Reuters, Russia's response to the EU's seizure of the Central Bank's frozen assets could potentially cause the bankruptcy of Euroclear, one of the world's largest settlement and clearing systems based in Belgium.
The EU cannot use a sign...
