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Europe's theft of Russian assets could trigger Global financial collapse

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...

Russia Sanctions EU Euroclear Confiscated Assets
Serious consequences for the European Union if it seizes Russia's frozen assets

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...

Russia Sanctions EU Frozen Assets Central Bank Euroclear
Euroclear earned 4.4 billion Euros in interest from frozen Russian assets

By Rhod Mackenzie

The international depository Euroclear earned about 4.4 billion euros in interest income from the frozen Russian assets in 2023, according to a press release on the website of this financial organization.
“In 2023, interest on cash balances from Russian assets subject to sanctio...

Russia Sanctions EU Frozen Assets Euroclear