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.
  • misk@piefed.socialOPEnglish
    1·
    3 days ago

    well the war is ongoing so they wouldn’t be retroactive… the cause for the change might have been some past behaviour, but that’s the case with most laws: you see a problem, make a law, the law applies to future behaviour

    I’m sure Russia didn’t place any new funds in EC custody since their existing ones were frozen. What are the laws that Russia was found guilty of? Please remember that in civilised countries you’re not guilty until independent court decides that and you have a chance to appeal, even when the case is blatantly obvious.

    i think they’ve well and truly proven that unless you’re going to spend years waging war on an EU candidate country then you’ll be fine… and i think it’s wild that russia didn’t pull assets out of the US and EU before the war started… that shouldn’t be an expectation: that your assets are safe even when you commit war crimes? no! your assets shouldn’t be safe anywhere in the world for war criminals and people that are working against the interests of those countries

    Those countries are part of EU and have voting rights. Do you mean we now ignore that too?