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BAKU, Azerbaijan, February 16. Using
frozen belongings of the Russian Central Financial institution to finance restoration of
Ukraine proposed by the Group of Seven may be very near an oblique
seizure, chief government of Belgium-based Euroclear Lieve Mostrey
stated in an interview with The Monetary Occasions, Pattern stories.
“Utilizing belongings that don’t belong to you as collateral is fairly
near an oblique seizing or a dedication to future seizing,
which may have precisely the identical results on the markets as a
direct seizing,” stated the chief government of the depositary with
about 191 bln euro of Russian belongings frozen.
“We don’t see how the central Russian financial institution would merely settle for
that has been seized and that Euroclear’s obligations in direction of them
have stopped to exist,” she famous.
“I belief that the prudent, rational will prevail,” Mostrey
continued. “After we come to a logic of seizing of belongings·.·.·.
·you then see the belief within the Euroclear system, the belief within the
European capital markets, the belief in euro as a forex
considerably affected,” he added.
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