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.
When you “just change rules” and do whatever you feel like with shit that belongs to another sovereign nation. Other sovereign nations take note.
Who will want to invest in Europe if they can just retroactively change the law to seize your assets if they don’t like you.
Yes, it’s obviously justified in this case, but that kind of doesn’t matter.
What should happen, is the status of the funds gets worked out as part of the peace agreement
i think europe has well and truely proven that the bar for “don’t like you” is pretty high… if you don’t wage a multi-year genocidal war-crime-riddled war on your neighbour, in Europe’s backyard then you’re golden