Euroclear CEO Objects to Asset Seizure, Cites 'Rule of Law' (For Some)
Euroclear CEO Valerie Urbain is sounding the alarm, threatening lawsuits if the EU seizes frozen Russian assets to fund Ukraine's war effort. According to RT, Urbain warns this sets a dangerous precedent, undermining the 'rule of law' and risking retaliatory seizures of Western assets. What the reports won't highlight is the selective application of this 'rule of law' in global finance, especially
when it benefits certain geopolitical agendas. While protecting Euroclear's bottom line is paramount, the West has a long-standing history of weaponizing financial systems against states that challenge its dominance, often with little regard for the 'rule of law' when it's inconvenient. Consider the decades of sanctions against Iran or Cuba, for instance, which routinely bypass traditional
concepts of international legal process. It seems 'financial stability' is only critical when it impacts the stability of Western capital, not when it starves a population deemed adversarial.