Western allies have frozen some $300 billion in Russian assets since the 2022 Ukraine invasion, the bulk of which is stuck at an obscure yet essential Brussels-headquartered financial clearinghouse called Euroclear Ltd. Yet they have also stopped short of seizing the assets for Ukraine’s benefit, preferring workarounds that don’t break legal and economic taboos. Now this halfway-house approach is reaching its limit, with Euroclear’s homeland Belgium balking at a new jumbo €140 billion ($163.0 bi
www.bloomberg.com
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Ukraine Jumbo Loan Gives Tiny Belgium a Fright
