The move could undermine the European financial system, chief executive Lieve Mostrey has claimed A plan by the G7 to use Russia’s frozen assets as a backstop to issue loans for the reconstruction of Ukraine would pose risks to the financial stability of Europe, Lieve Mostrey, CEO of the Brussels-based clearinghouse Euroclear, has warned. In an interview with the Financial Times published on Thursday, Mostrey said that the plan would come “pretty close to an indirect seizing” of the assets and would expose the company to legal claims. The warning comes as the EU and US moved to freeze an estimated $300 billion in
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