Belgium blocks the Commission’s plan because Euroclear holds €185bn and Brussels fears Russian lawsuits. A workaround now on the table would shift the entire Russian account into a new SPV that assumes all legal risk. 2/
Belgium blocks the Commission’s plan because Euroclear holds €185bn and Brussels fears Russian lawsuits. A workaround now on the table would shift the entire Russian account into a new SPV that assumes all legal risk. 2/
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