Belgian politicians and leaders of the financial sector have become targets of an intimidation campaign by Russia, which seeks to block the use of about €185 billion in frozen Russian assets to financially support Ukraine, The Guardian reports, citing European intelligence services.
Source: Bukvy
The targets of the Russians included key figures at the Euroclear depository, where most of Russia’s frozen assets are held, as well as Belgian political leaders. Most likely, the operation is being carried out by the GRU — Russia’s military intelligence.
European officials note that Russia is using intimidation tactics, while publicly the threats are presented as alleged “theft” of assets. Euroclear CEO Valérie Urbain and other company executives faced threats in 2024–2025 and were forced to hire private security firms after police refused to provide protection.
Euroclear emphasized that any potential threats are treated as a top priority and are thoroughly investigated with the involvement of the relevant authorities.
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