G7’s $50bn loan is no substitute for transferring blocked foreign exchange reserves to Ukraine
Washington seeks to front-load aid for Kyiv by using profits from Russia’s frozen assets as loan guarantees
Belgium’s central securities depository Euroclear expected to start transferring money to bloc in July
Maximise every euro from immobilised reserves to aid Ukraine, says Biden adviser Daleep Singh
Hope that Washington’s idea could generate tens of billions in cash for Kyiv
Lets get some plumbers on the scene
How Moscow can be made to compensate Ukraine without confiscation
First tranche of profits from Euroclear could be available as soon as July, if EU capitals approve
Move will allow securities holders to claw back value of investments frozen over Vladimir Putin’s war in Ukraine
Also in this newsletter: Ireland votes on constitutional change regarding women’s ‘life’ and ‘duties’ in the home
A great big sovereign liability reshuffle
Chief executive Lieve Mostrey says move would trigger similar risks to European financial system as outright seizure
EU is moving to use profit from the €191bn in immobilised Russian assets to help Ukraine
Agreement marks first step towards potential handing over of billions of euros to Ukraine
G7 allies are debating whether to spend Moscow’s frozen funds to support Ukraine
Securities depository holds up payments due to disagreement over debt status
European Commission expected to put forward legal proposals in December
Windfall for Belgian depository likely to raise pressure to channel proceeds to Ukraine
Also in this newsletter: How Poland’s election result could unblock its EU recovery funds
G7 officials agree to explore EU proposals that could provide financial support for Ukraine
The fate of hundreds of billions of euros of Moscow’s money hinges on the intricacies of double-entry bookkeeping
Officials explore legal route of using proceeds from funds stuck at settlement house Euroclear
European securities depository benefits from sharp rise in interest rates
Deal paves way for financial institutions to approve and settle digital securities trades using a distributed ledger
Foreign traders ‘trapped’ after Belgian securities depository stops accepting payments in Russian currency