E.U. weighs riskier investments of frozen Russian assets to boost returns and raise more funds for Ukraine — Politico — Meduza
The European Commission is considering transferring approximately 200 billion euros ($229.4 billion) in frozen Russian assets into a new, higher-risk investment fund that could yield greater returns, Politico reported, citing four people familiar with the discussions.Most of the frozen Russian funds are held at Euroclear, a securities depository based in Belgium. Under the proposal, European officials would move the assets into a special E.U.-administered fund. While Euroclear is required to invest through Belgium’s central bank, the new structure would allow the money to be directed into riskier investments — though...