Euroclear, the Belgian institution managing frozen Russian assets that will 'not rule out' suing the EU

Euroclear, the Belgian institution managing frozen Russian assets that will 'not rule out' suing the EU
Euroclear, a little-known but central player in Europe's financial system, holds €193 billion in frozen Russian assets that, since the invasion of Ukraine, have drawn intense scrutiny. Its director general, Valérie Urbain, warns that confiscation – illegal under international law – would weaken Europe's position.