Euroclear CEO Valérie Urbain: ‘Euroclear and Europe are at risk of going under due to the confiscation or relocation of Russian assets’

Valérie Urbain, CEO of Euroclear, discusses the geopolitical implications of holding Russian assets, emphasizing the risks of confiscation. Euroclear manages significant blocked Russian funds, which some EU members wish to use for Ukraine. Urbain warns that using these assets could lead to Euroclear's collapse and undermine trust in European financial systems. She highlights the legal complexities surrounding these assets and the importance of maintaining stability in volatile markets. Despite pressures, Euroclear has contributed to Ukraine's support through its profits, while facing legal challenges from Russia regarding asset claims.