European Clearing Bank: Using frozen Russian assets for investment is equivalent to appropriation and may face retaliation.

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According to a report by Jin10 referencing the Financial Times of the UK, the European Clearing Bank, which holds most of Russia's frozen assets, stated that the EU plans to raise more funds for Ukraine by investing frozen Russian state funds into higher-risk investment projects, which would amount to "seizure." The bank's CEO, Urban, mentioned that the plan to reinvest the cash generated from these assets for higher profits may face the risk of further retaliation from Moscow and undermine the key position of central securities depositories in the financial system. "If you increase income, you increase risk. So who bears that risk?" Urban said.

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