Euroclear, a prominent Belgian-based European depository, has cautioned that utilizing frozen Russian assets to support Ukraine may result in financial challenges for the European Union. The Financial Times reported this warning.

The company stated that such actions could escalate the EU's debt load, erode trust from external partners in the European system, and create obstacles in collaboration. Euroclear expressed concerns that in other nations, this approach might be interpreted as seizing foreign assets, leading to reputational harm for the EU and potentially affecting future investment opportunities.