However,
Valérie urbain (euroclear): frozen russian:
Valérie Urbain is sounding on certain European projects to convert Russian deposits to central banks to more remunerative. therefore risky investments, in order to generate more revenue for the benefit of Ukraine. In addition, “”We are subject to a very restrictive legal framework. In addition, Our ability to take more risk is very limited. Moreover, We cannot do more than what we are doing today. Similarly, “, explains the CEO.
tower “The debate on the ownership of interests is therefore zero and not avenue. However, the Russian central bank will request its capital once the conflict is finished.”
And is there not a risk that Russia one day claimed these billion interest income paid to the Commission? Moreover, “”You should know that‘Euroclear never pays interest on the cash dropped by its customers. Moreover, The debate on ownership of these interests is therefore zero and not avenue. On the other hand, the Russian central bank will request its capital once the conflict is finished. A moment or another, these assets will be part of a negotiation “she replies.
What key figures to retain in the first half? – Valérie urbain (euroclear): frozen russian
Turnover is up 8 % to 932 million euros valérie urbain (euroclear): frozen russian in the 1st half. while the financial result is down 6 % to 550 million euros, a drop linked to the decline in interest rates. “”We are very happy with this first part of the year “estimates Valérie Urbain. Which rules out the risk of loss of customers (especially as Asian countries). which would be cooled by the risk of asset frost. “”Rather, the opposite is happening “she underlines, raising “two favorable elements “. And: “We are recognized as a reliable and very transparent actor “. Two : “We are very respectful of rules and laws. “Of course, each market looks at how Russian assets will be managed. And customers ask us a lot of questions. But we haven’t lost business “. On the contrary, the desire for diversification of certain actors are “more in favor of Europeans “. Donald Trump’s protectionist measures had the effect that “The positive feeling valérie urbain (euroclear): frozen russian of Europe has finally strengthened “.
What recipes for the Belgian economy?
By generating income subject to tax in Belgium. frozen Russian assets cause significant tax revenue for the Belgian state: 650 million euros just for the first semester. For the whole year 2024, the revenues amounted to 1.4 billion.
The federal state is also a winner by being a shareholder of Euroclear via the sovereign fund SFPIM. which holds almost 10 % of the capital. He perceives beautiful dividends: Euroclear paid 1.35 billion dividends in 2024 to all of its shareholders.
It is said that this participation could be relocated in the future “Defense Fund” of the SFPIM. What to fuel the rumors of sales to partially pay the Belgian expenses in defense? “”From what we hear. there is no will on the part of Belgium to get out of this participation, valérie urbain (euroclear): frozen russian which is financially and strategically important “, says Valérie Urbain.
Further reading: CFF: traffic is disturbed between Lausanne and Friborg – Lévis VG report: gaps on the protection of personal information – Petrotal Corp: Average production of 21,039 barrels of oil per day in the second quarter – Faced with geopolitical tremors, the Hungarian low-cost company Wizz Air withdrew from the whole Middle East – Salencation to L’Horizon … Allnews.
: frozen russian — however, Valérie urbain (euroclear): frozen russian: War in Ukraine: frozen Russian assets at Euroclear…){kind=link}