No miracle solution on frozen Russian assets, Euroclear CEO tells Le Soir

BRUSSELS, Nov 13 (Reuters) - There is "still no miracle solution" on the Russian frozen assets that are held at Euroclear, the clearing house's CEO Valerie Urbain told Belgian newspaper Le Soir in an interview published on Friday.

• European Union countries immobilised some €210 billion ($236 billion) ​of Russian ⁠central bank assets after Moscow invaded Ukraine in February 2022.

• Euroclear holds about €185 billion of these assets, over 80% of its balance sheet

• Some European ​nations want the Russian assets to ​be disbursed on behalf of Ukraine

• Belgium has opposed this plan

• Urbain told Le Soir that transferring only the assets and not the liabilities would bankrupt Euroclear

• Any transfer would need permanent EU member state guarantees until the war ends or Euroclear's repayment obligation ends, she said

• Euroclear's shareholders have agreed to pass the interest on the assets, nearly €8 billion so far, to the European Commission for Ukraine

• Urbain also said that Euroclear has not been targeted by a cyberattack so far, despite a recent wave of cyber incidents affecting several European countries, including Belgium, where the company is based

(Reporting by Charlotte Van Campenhout; Editing by Christian Schmollinger)