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flag Euroclear warns it may sue the EU if frozen Russian assets are used to fund a Ukraine loan, citing legal violations.

flag Euroclear, the Belgian financial clearinghouse holding about $200 billion in frozen Russian assets, may sue the European Union if it attempts to use those funds to finance a proposed €140 billion loan to Ukraine, CEO Valerie Urbain said, warning such action would violate existing laws. flag The EU is divided over the plan, with Belgium opposing it without shared legal and financial risk, while European Commission President Ursula von der Leyen pushes for using interest from the frozen assets as "windfall profits" for Ukraine. flag The proposal faces resistance due to legal uncertainties, concerns over international backlash, and doubts about Ukraine’s ability to repay. flag Russia calls any seizure theft and warns it could damage trust in Western financial systems. flag The decision has been postponed to a December European Council meeting.

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